At 09.53 hrs IST, the Nifty was trading weak on back of heavy selling in banks, realty and metal stocks. Buying was seen in IT and telecom stocks. BSE Midcap and Smallcap indices were down 06% and 0.4% respectively.
The Sensex was down 130.19 points or 0.66% at 19669.00, and the Nifty was down 42.30 points or 0.71% at 5901.80. About 1104 shares advanced, 1133 shares declined, and 1224 shares remain unchanged.
MOIL (formerly Manganese Ore India) lists at Rs 565 versus issue price of Rs 375. MOIL is India’s largest manganese ore producer and has 50% share in domestic manganese production. It is one of the lowest cost producers of manganese ore in the world.
In the largecap space, BPCL was the top gainer with more than 3% gain. The oil marketing company was buzzing in trade today post price hike in petrol prices by Rs 2.96/litre with effect from today. Reliance Power, Reliance Communications, Mahindra & Mahindra and TCS were up 1-2%. On the losing side, ICICI Bank, DLF, SBI, Hero Honda and Hindalco were down 1% each.
Hindustan Lever was trading at Rs 300.50 up 0.87% from its previous close of Rs 297.90. Index heavyweight Reliance was trading at Rs 1,048.10 down 0.43% from its previous close of Rs 1,052.60. Tech major Infosys was trading at Rs 3,181.00 up 0.95% from its previous close of Rs 3,151.05.
Cigarette major ITC was trading at Rs 167.70 down 0.39% from its previous close of Rs 168.35. Refinery major HPCL was trading at Rs 415.45 up 3.41% from its previous close of Rs 401.75.
Top gainers on the BSE Midcap: PTC India, Financial Tech, GlaxoSmith Con, Core Projects and MTNL were up 2-4%.
Top losers on the BSE Midcap: Money Matters, Parsvnath, Bajaj Corp, Indian Metals and Shree Global Tr were down 2.7-5%.
Top gainers on the BSE Smallcap: Religare Technova, Nirlon, Relaxo Footwear, Koutons Retail and Atco Corp were up 4-13%.
Top losers on the BSE Smallcap: Sandur Manganese, Urja Global, Midfield Industries, Sujana Towers and SVC Resources were down 5% each.
Asian markets were trading mixed.
The US markets remained volatile in trade post Fed statement. Indices closed off the session highs but the Dow still hit its highest level in two years and treasury yields soared on the back of the news that the Federal Reserve would buy bonds to stimulate the economy.
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