Thursday 21 May 2015

Markets volatile in early trade

The BSE Mid-cap Index is trading up 0.20% at 10,672, whereas BSE Small-cap Index is trading up 0.34% at 11,245. 

Bombay-Stock-Exchange-Building
Following yesterday’s rally, the market has started the day on a positive note - with the BSE Sensex higher by 48 points at 27,885 and the NSE Nifty added 11 points at 8,434.

Soon, the key benchmark indices slipped a wee-bit into red and touched a low of 27,806 and 8,409, respectively.

The 30-shares and the 50-shares indices, however, rebounded into green and touched a high at 27,898 and 8,438, respectively.

The BSE Sensex is now quoted at 27,824 - down 13 points and the BSE Nifty is quoted at 8,414 - down 10 points.

The broader market is also trading in line with the CNX Nifty index, the Midcap and Smallcap indices are up 0.2 percent each at 13,093 and 5,532, respectively.

Among sectors, the CNX Realty index has advanced nearly a percent at 202. The PSU Bank, IT, Energy and Infra indices are the other gainers.

On the other hand, the Metal index has declined 0.5 percent at 2,419 and the FMCG index is marginally down at 20,204.

In the Nifty space - Axis Bank and Coal India are the major gainers - up 2 percent each at Rs. 569 and Rs. 368, respectively.

Dr.Reddy's, Tech Mahindra, HCL Technologies and Larsen & Toubro have also gained nearly a percent each.

On the losing side, Tata Steel has plunged 4 percent at Rs. 347. Cipla has dropped a percent at 681.

Gail India has shed almost a percent at Rs. 391. Bharti Airtel, BPCL, Ambuja Cement, Bajaj Auto and Vedanta are the other losers - down 0.5 percent each.

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