Nifty ends day in red after reclaiming 8,400 in intraday deals

NEW DELHI: Indian markets ended the day in the red after flip-flopping between red and green zones through the day in an about 100-point range. The broader 50-share Nifty reclaimed 8,400 for the first time since April 24 in intraday trade, but ended the day below that psychological mark.

The slight lower close has been attributed to investors booking profits on blue chips such as Tata Motors and ONGC after two sessions of gains.

Overall, traders said sentiment was improving after a volatile April, given rising expectations that RBI may cut interest rates for a third time this year at its next policy review on June 2.

Tata Motors fell 2.1 per cent late in the session after a new variant of the company's small car Nano failed to enthuse investors.

The stock had gained 0.8 percent in the last two sessions.

Other blue chips including Housing Development Finance and Oil and Natural Gas Corporation also ended lower, closing down 1.9 percent and 1.3 percent, respectively.
Markets @ close

Sensex @ 27,645.53; down 41.77 points. Nifty @ 8,365.65; down 8.00 points.

BUZZING STOCKS

HOEL ended the day at Rs 42.25, up 11.77% the oil ministry and DGHC have approved commerciality of Dirok block in Assam.

NBCC gained over 5% intraday after the company undertook the task of developing four Waqf Board properties as institutional and commercial projects, with an estimated cost of Rs 398 cr. The stock ended the day 2.93% up.

Premier Explosives surged over 5% intraday as the company has received Industrial Licenses from the DIPP for manufacturing of certain ammunition. The stock ended the day 2.80% up.

MARKETS THROUGH THE DAY

Markets @ 2:30

Sensex @ 27,656; down 30 points. Nifty @ 8,364; down 9 points.

Top Gainers

VEDANTA (3.1%), HERO MOTO (2.6%), DR REDDY'S (1.9%), BHEL (1.9%), INFOSYS (1.8%)

Top Losers

TATA MOTORS (-1.3%), ONGC (-1.3%), HDFC (-1.1%), HUL (-0.6%), AXIS BANK (-0.2%)

Markets @ 11:45

Sensex @ 27,693, up 5 points. Nifty @ 8,374; up 0.95 points.

Top Gainers

HERO MOTO (2.3%), VEDANTA (2.1%), TATA POWER (1.5%), WIPRO (1.2%), INFOSYS (1.0%)

Top Losers

ONGC (-1.8%), HDFC (-1.4%), TATA MOTORS (-0.8%), HUL (-0.8%), ICICI BANK (-0.6%)

Markets @ 10.30

The 30-share index was at 27,654 down 32 points or 0.12 per cent. The Nifty was at 8,365 down 8 points or 0.10 per cent.

Top Gainers

HERO MOTOCORP (2.8%), Vedanta Limited (1.8%), TATA POWER (1.5%), WIPRO (1.3%), TATA STEEL (1.1%)

Top Losers

HDFC (-1.5%), ONGC (-1.5%), TATA MOTORS (-1.0%), GAIL (-0.9%), HIND. UNILEVER (-0.9%)

Markets @ 9.20

The 30-share index was at 27,653 down 34 points or 0.12 per cent. It touched a high of 27,673.52 and a low of 27,611.97 in trade today.

The Nifty was at 8363 down 10 points or 0.12 per cent. It touched a high of 8375.15 and a low of 8342.80 in trade today. The S&P BSE Midcap Index was up 0.04 per cent and BSE S&P Smallcap Index edged higher by 0.09 per cent.

Tata Power (up 1.1 per cent), Infosys (up 1.03 per cent), Bharti Airtel (up 0.9 per cent), L&T (up 0.5 per cent) and Maruti Suzuki (up 0.46 per cent) were among the major Sensex gainers.

ONGC (down 1.5 per cent), ICICI Bank (down 1.06 per cent), GAIL India (down 1.03 per cent), HDFC (down 0.91 per cent) and TCS (down 0.65 per cent) were the major index losers.