Metals, pvt banks lead Sensex's 471-pts slide; Nifty ends below 14,700

The broader markets, too, succumbed to profit booking with the BSE MidCap and SmallCap indices falling 0.9 per cent and 0.6 per cent, respectively.

5:03 PM

Market Holiday

Markets shall remain closed on Thursday, May 13, on account of Id-Ul-Fitr holiday.

5:00 PM

MARKET CLOSING COMMENT :: Sahaj Agrawal, Head of Research- Derivatives at Kotak Securities

Nifty remains in momentum uptrend with support zone seen at 14400-14500; on the higher side 15000-15100 is expected. Breach of 14400 is expected to result in increased volatility. We expect positive bias to continue with action seen in the AUTO, Realty and select midcap stock; Metals are expected to witness high volatility.

4:45 PM

TECH VIEW :: Nagaraj Shetti, Technical Research Analyst at HDFC Securities

The short term trend of Nifty seems to have reversed down within a broader range movement. There is a possibility of some more weakness in the coming sessions and we expect the recent swing low of 14416 could be protected and the market could bounce from the lows in short term. Immediate support is placed at 14620.

4:31 PM

TECH VIEW :: Sumeet Bagadia, Executive Director at Choice Broking

On the technical front, the Index has been trading in Lower Highs & Higher Lows formation and tested the rising trendline, sustained above it can show bounce-back movement in the counter. Furthermore, the index has taken support from the 100-Hourly Moving Average as well as momentum indicator MACD has shown positive crossover, which points out the strength for the upcoming session. At present, the Index support comes at 14600 levels while the upside resistance seems to be at 14900.

4:15 PM

MARKET CLOSING COMMENT :: Deepak Jasani, Head of Retail Research at HDFC Securities

Indian benchmark equity indices fell for the second consecutive session on May 12 on the back of negative global cues. Nifty opened gap down, but made an attempt to recover. At 1230Hrs, the previous day’s low proved to be a tough resistance for the Nifty and it began to fall making lower tops and lower bottoms. At close, the Nifty was down 154.30 points or 1.04% at 14696.50.

 

Nifty fell on May 12 filling the upgap made on May 07. It closed near the intra day low, Advance decline ratio fell into the negative suggesting nervous profit taking by investors across stocks. Fears of a high April CPI number in the US today evening has dragged global stocks down. However unless the figure is substantially higher than forecast of 3.6%, markets could bounce in the near term. 14611-14790 is the band for the Nifty in the near term.

4:06 PM

TECH VIEW :: Rohit Singre, Senior Technical Analyst at LKP Securities

One more negative session witnessed & index given close at 14700 with loss of one percent and formed a bearish candle on daily chart. Index again backed in the descending channel after showing profit booking from the upper band now strong hurdle is coming near 14780-14880 zone immediate breakout above only 14880 zone and trading below said levels we may see some dips towards 14600-14500 zone which is good support on the downside also from mentioned support one can expect good bounce

3:56 PM

MARKET CLOSING COMMENT :: Vinod Nair, Head of Research at Geojit Financial Services

Indian indices extended its losses due to concerns over hike in global interest rates and bond yield due to rising commodity prices and inflationary pressure. All major indices belled the day in negative terrain including metals while PSU banks and media stocks managed to stay afloat. International commodity prices will have to stabilize, to provide sustenance in the equity market

 

3:52 PM

Volatility Alert

India VIX ends 1.3% higher at 20 levels.

3:50 PM

BSE Snapshot :: Top losers of the day

3:50 PM

BSE Snapshot :: Top gainers of the day

3:49 PM

NSE Snapshot :: Top Nifty50 gainers of the day

3:46 PM

Heavyweights that dragged the Sensex today

3:43 PM

NSE snapshot :: Sectoral trends on the NSE

3:41 PM

Sensex Heatmap at Close

Top losers: IndusInd Bank, HUL, ICICI Bank

Top gainers: Titan, Power Grid, Maruti Suzuki

3:34 PM

CLOSING BELL

Coupled with positions' unwinding due to weekly F&O expiry, the BSE barometer of 30-shares dropped 471 points to close at 48,691 levels. In the intra-day trade, the index hit a low of 48,551 levels. 

 

On the NSE, the Nifty50 declined 154 points and gave up 14,700-mark to settle at 14,696 levels. Earlier in the day, the index had touched a low of 14,650.

3:28 PM

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3:23 PM

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3:18 PM

Covid woes :: Most of India should remain locked down for 6-8 weeks: ICMR chief

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3:09 PM

March Quarter Results :: Asian Paints reports profit of Rs 850 crore

>> Revenue at Rs 6,651 crore

>> Declares dividend of Rs 14.5/share

3:00 PM

MARKET UPDATE:: Sensex slips to day's low ahead of weekly options expiry

2:59 PM

SECTOR WATCH :: Metal stocks crack the most

2:53 PM

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2:45 PM

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2:38 PM

TaMO zooms 5% as Q4 JLR sales rise

2:37 PM

Tata Motors in focus

JLR retail sales in Q4 rise 12.4% YoY to 1.23 lakh units

2:30 PM

March Quarter Results :: Voltas declares divided of Rs 5 per share

>> PAT: Rs 237 crore

>> Revenue: Rs 2,651 crore

>> Ebitda: Rs 330 crore

>> Ebitda margin: 12.5%

2:20 PM

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2:12 PM

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2:06 PM

Zomato IPO will test Indian investors' unicorn appetite: Analyst's note

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1:54 PM

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