Sensex volatile, realty, banks, metals down
Friday, 26 November 2010
MUMBAI, Nov 25 (Economic Times): Benchmarks were witnessing a volatile session on the settlement day of November F&O series. Realty and banks were under pressure following arrests made by CBI in multi-crore corporate loan scam.
At 1 pm, Bombay Stock Exchange's Sensex was at 19469.42, up 9.57 points or 0.05 per cent. The 30-share index touched a low of 19454.23 and high of 19628.28 in today's trade.
National Stock Exchange's Nifty was at 5857.20, down 8.55 points or 0.15 per cent. The broader index touched a low of 5848.50 and high of 5907.10 in trade so far.
"Nifty is near the 100 DEMA (5809) as well as 75 points off the one year trend channel support at 5750, thus providing enough support for an intermediate bottom to be formed. The short-term trading range is likely to be between 5800-6000 with a positive bias," said Edelweiss report.
BSE Midcap Index was down 1.08 per cent and BSE Smallcap Index fell 0.90 per cent.
Sectorally, BSE Realty Index was down 4.57 per cent, BSE Metal Index declined 1.16 per cent and BSE Bankex slipped 1.01 per cent. BSE IT Index was up 2.50 per cent.
Money Matters Financial tanked 20 per cent, Bank of India was down 5.36 per cent, LIC Housing Finance slipped 1.35 per cent, Punjab National Bank declined 3.62 per cent. Central Bank of India was up 2.60 per cent.
S Sridhar, CMD, Central Bank of India in an interview with the news agency said, "No employee GM or otherwise at any level has been arrested or for that matter even interrogated.
There is no impact on the asset quality of the bank by any of these names. The commercial real estate portfolio of Central Bank of India is extremely sound."
Sensex top gainers included Infosys Technologies (3.10 per cent), TCS (2.68 per cent), Wipro (1.56 per cent), NTPC (1.40 per cent) andHDFC (1.30 per cent).
At 1 pm, Bombay Stock Exchange's Sensex was at 19469.42, up 9.57 points or 0.05 per cent. The 30-share index touched a low of 19454.23 and high of 19628.28 in today's trade.
National Stock Exchange's Nifty was at 5857.20, down 8.55 points or 0.15 per cent. The broader index touched a low of 5848.50 and high of 5907.10 in trade so far.
"Nifty is near the 100 DEMA (5809) as well as 75 points off the one year trend channel support at 5750, thus providing enough support for an intermediate bottom to be formed. The short-term trading range is likely to be between 5800-6000 with a positive bias," said Edelweiss report.
BSE Midcap Index was down 1.08 per cent and BSE Smallcap Index fell 0.90 per cent.
Sectorally, BSE Realty Index was down 4.57 per cent, BSE Metal Index declined 1.16 per cent and BSE Bankex slipped 1.01 per cent. BSE IT Index was up 2.50 per cent.
Money Matters Financial tanked 20 per cent, Bank of India was down 5.36 per cent, LIC Housing Finance slipped 1.35 per cent, Punjab National Bank declined 3.62 per cent. Central Bank of India was up 2.60 per cent.
S Sridhar, CMD, Central Bank of India in an interview with the news agency said, "No employee GM or otherwise at any level has been arrested or for that matter even interrogated.
There is no impact on the asset quality of the bank by any of these names. The commercial real estate portfolio of Central Bank of India is extremely sound."
Sensex top gainers included Infosys Technologies (3.10 per cent), TCS (2.68 per cent), Wipro (1.56 per cent), NTPC (1.40 per cent) andHDFC (1.30 per cent).