Sensex rangebound, Nifty holds 8550; SAIL drops over 2%
Tracking the momentum, the 50-share Nifty index slipped marginally in red, but was trading above its crucial psychological level of 8550.
By ET Online | Updated:
NEW DELHI: After a strong close in the previous trading session, the S&P SBE Sensex failed to keep the momentum going on Friday. The index was trading in a range with a positive bias, led by gains in ITC, ICICI Bank, RIL and Bharti Airtel.
Tracking the momentum, the 50-share Nifty index slipped marginally in red, but was trading above its crucial psychological level of 8550, weighed down by losses in IT, pharma and IT stocks.
At 09:30 a.m.; the 30-share index was at 28632.62, up 70 points or 0.25 per cent. It touched a high of 28651.75 and a low of 28567.84 in trade today.
The Nifty was at 8577 up 13 points or 0.15 per cent. It touched a high of 8588.35 and a low of 8560.30 in trade today.
SAIL slipped as much as 2.1 per cent in trade to hit its intraday low of Rs 83.50, after the government set the floor price for the sale of a 5% stake in Steel Authority of India Ltd (SAIL) at Rs 83.
The S&P BSE Midcap Index was up 0.33 per cent and BSE S&P Smallcap Index edged higher by 0.51 per cent.
GAIL India (up 1.4 per cent), BHEL (up 1.4 per cent), Bharti Airtel (up 1.3 per cent), M&M (up 1.1 per cent) and L&T (up 0.68 per cent) were among the major Sensex gainers.
HUL (down 0.78 per cent), Wipro (down 0.55 per cent), Cipla (down 0.51 per cent), Hero MotoCorp (down 0.49 per cent) and Tata Motors (down 0.45 per cent) were the major index losers.
Tracking the momentum, the 50-share Nifty index slipped marginally in red, but was trading above its crucial psychological level of 8550, weighed down by losses in IT, pharma and IT stocks.
At 09:30 a.m.; the 30-share index was at 28632.62, up 70 points or 0.25 per cent. It touched a high of 28651.75 and a low of 28567.84 in trade today.
The Nifty was at 8577 up 13 points or 0.15 per cent. It touched a high of 8588.35 and a low of 8560.30 in trade today.
SAIL slipped as much as 2.1 per cent in trade to hit its intraday low of Rs 83.50, after the government set the floor price for the sale of a 5% stake in Steel Authority of India Ltd (SAIL) at Rs 83.
The S&P BSE Midcap Index was up 0.33 per cent and BSE S&P Smallcap Index edged higher by 0.51 per cent.
GAIL India (up 1.4 per cent), BHEL (up 1.4 per cent), Bharti Airtel (up 1.3 per cent), M&M (up 1.1 per cent) and L&T (up 0.68 per cent) were among the major Sensex gainers.
HUL (down 0.78 per cent), Wipro (down 0.55 per cent), Cipla (down 0.51 per cent), Hero MotoCorp (down 0.49 per cent) and Tata Motors (down 0.45 per cent) were the major index losers.
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