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| Sensex extends losing streak, ends 91 points down | SIFY | |
| The Indian stock market opened higher this morning, on positive cues from Asian bourses, but retreated soon and then slipped into negative territory about an hour later, extending its losing streak to a fifth successive session. After a firm start on positive global cues, and a subsequent fall into the red, the Indian stock market rebounded in mid morning trade on bargain hunting, but faltered again after trading in positive territory for over three hours, as worries about near term growth, political uncertainty and weak European markets triggered a sell-off around mid afternoon. The BSE benchmark Sensex, which advanced to 19,082.29 in early afternoon trade, tumbled to 18,756.65 later on and finally ended the day with a loss of 91.32 points or 0.48% at 18,792.87. The Nifty index of the National Stock Exchange settled at 5658.75, recording a loss of 35.65 points or 0.63%. It touched a high of 5757.75 and a low of 5647.95 during the session. While the Sensex hit its lowest mark since 27 November 2012, the Nifty touched its lowest level since 26 November 2012, during the session on Thursday. Realty stocks started off well, but retreated soon, and kept sliding lower as the session progressed. Power, capital goods and automobile stocks too mostly ended with sharp losses. PSU, oil, metal and healthcare stocks also closed weak. FMCG stocks saw some buying early on, but failed to sustain at higher levels. Bank stocks found some support after recent weakness. Select information technology and consumer durables stocks ended on a positive note. Bajaj Auto lost around 4.6%. Tata Motors ended lower by 4.2% and Maruti Suzuki declined 2.4%, while Hero Motocorp lost 1.8%. Mahindra & Mahindra bucked the trend and ended on the positive side. Tata Power shed a little over 4%. HDFC Bank lost more than 3%, while Hindalco, Tata Steel, Hindustan Unilever, Dr Reddy's Laboratories, Cipla, BHEL and Reliance Industries lost 1% - 2.5%. Sun Pharmaceutical Industries, ONGC, NTPC and ITC also closed notably lower. Reliance Infrastructure, down more than 6.5%, was the most prominent loser in the Nifty index. Jaiprakash Associates lost nearly 6.5%. Bank of Baroda, DLF, IDFC, Siemens, Punjab National Bank, BPCL, Ambuja Cements, Power Grid Corporation and Cairn India ended lower by 2% - 5%. ACC, Asian Paints and Sesa Goa also closed weak. Bharti Airtel ended 6% up on hectic bargain hunting at the counter after recent sharp losses. ICICI Bank moved up by 3.4% and HDFC gained 2.1%. Ultratech Cement (1.4%), Jindal Steel & Power (1.3%) and Axis Bank (up nearly 1%) also closed on a firm note. Wipro, Infosys, Coal India and Tata Consultancy Services closed with modest gains. Besides a number of large cap stocks, scores of midcap and smallcap stocks ended lower on selling pressure. The market breadth was very weak. Out of 2987 stocks traded on BSE, 1926 stocks moved up. 942 stocks declined and 119 stocks ended flat. |
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| Domestic Market Reports | |
| US STOCKS SNAPSHOT-Wall St pares losses, Dow edges up | 23 May, 2013 |
| Worries over end to monetary stimulus hit Europe shares | 23 May, 2013 |
| UPDATE 1-Ranbaxy slumps after Daiichi Sankyo says was misled | 23 May, 2013 |
| UPDATE 2-India's Wockhardt hit by FDA import alert on drug plant | 23 May, 2013 |
| US STOCKS-Wall St drops on stimulus plan unease, China data | 23 May, 2013 |
| GLOBAL MARKETS-World shares slump on U.S. stimulus, growth fears | 23 May, 2013 |
| US STOCKS SNAPSHOT-Wall St falls at open on stimulus worry, China data | 23 May, 2013 |
| India's Puravankara up to $36 mln share sale covered 1.5 times | 23 May, 2013 |
| US STOCKS-Wall St to drop at open on stimulus plan worry, China data | 23 May, 2013 |
| Pakistan stocks close lower, rupee strengthens, o/n rates flat | 23 May, 2013 |
| International Market Reports | |
| Nikkei hits fresh 5-1/2-year high on BOJ optimism, Sony soars | 23 May, 2013 |
| Dimon clings to JPMorgan chairman title, after fight | 23 May, 2013 |
| Nikkei edges up to new 5-1/2-yr high as retail investors pick up bargains | 23 May, 2013 |
| Goldman exits China's ICBC, seven years and billions later | 23 May, 2013 |
| Nikkei hits new 5 1/2-year high on real estate, agricultural shares | 23 May, 2013 |
| Tata Comm to delist from NYSE | 23 May, 2013 |
| Emerging market growth expectations hit 7-month low | 23 May, 2013 |
| Buffett devotees stick by him even as growth slows | 23 May, 2013 |
| Credit Suisse says ex-VP stole trade secrets in move to Goldman | 23 May, 2013 |
| U.S. may charge JPMorgan for power market manipulation - analysts | 23 May, 2013 |
| Top Movers | ||
| BSE - May 23, 3:53 PM | A B1 B2 | |
| Company Name | Current |
Change % |
| Britannia Indus | 575.65 |
1.89
|
| Colgate-Palmoli | 1439.85 |
1.86
|
| Garware Polyest | 64.75 |
1.41
|
| Esab India Ltd. | 430.00 |
1.02
|
| Nestle India Lt | 5269.30 |
0.94
|
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| Top Movers | ||
| NSE - May 23, 3:31 PM | ||
| Company Name | Current |
Change % |
| GMR Industries | 52.10 |
177.13
|
| K L G Systel Lt | 11.70 |
58.11
|
| Lumax Automotiv | 19.65 |
45.02
|
| Simbhaoli Sugar | 23.10 |
43.48
|
| Electro Therm ( | 23.90 |
37.75
|
| Click here for more | ||
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| Worst Shakers | ||
| BSE - May 23, 3:58 PM | A B1 B2 | |
| Company Name | Current | Change % |
| Crompton Greave | 97.30 |
10.20
|
| Ranbaxy Laborat | 393.15 |
8.80
|
| State Bank of I | 2176.20 |
7.96
|
| Novartis India | 502.80 |
6.77
|
| Larsen & Toubro | 1418.65 |
6.49
|
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| Worst Shakers | ||
| NSE - May 23, 3:52 PM | ||
| Company Name | Current |
Change % |
| Balmer Lawrie & | 388.50 |
43.31
|
| Indian Terrain | 55.00 |
33.33
|
| Wockhardt Ltd. | 1313.80 |
20.00
|
| Khaitan Electri | 68.45 |
18.51
|
| Indo Asian Fuse | 24.10 |
13.93
|
| Click here for more | ||
| Top Volume | ||
| BSE - May 23, 3:52 PM | A B1 B2 | |
| Code | Current |
Volume |
| Jet Airways (In | 584.25 |
25632737
|
| Housing Develop | 50.75 |
7484758
|
| Unitech Ltd. | 25.20 |
7262490
|
| Reliance Commun | 105.95 |
6702345
|
| Hindalco Indust | 108.95 |
6152456
|
| Click here for more | ||
| Top Volume | ||
| NSE - May 23, 3:52 PM | ||
Code |
Current |
Change |
| Unitech Ltd. | 25.20 |
58287168
|
| Jaiprakash Asso | 67.30 |
46042206
|
| Reliance Commun | 105.95 |
28960184
|
| Housing Develop | 50.65 |
28757245
|
| DLF Ltd. | 211.05 |
15595605
|
| Click here for more | ||
