Market trades Weak: Wirpro, L&T, JP Associates down

The markets are trading weak without any signs of recovery. Selling pressure is seen in capital goods, telecom, FMCG, IT, oil stocks. Broader markets have given up some of its gains and are trading absolutely flat. On the global front, most Asian markets ended lower.

At 1.19 hrs IST, the Sensex is down 237.65 points or 1.51% at 15519.43, and the Nifty down 72.10 points or 1.51% at 4689.10.

About 1197 shares have advanced, 1256 shares declined, and 619 shares are unchanged.
Wirpro, L&T, JP Associates are down over 4% each. SAIL, Grasim, Bharti Airtel, Tata Communications are among the tother losers.

JB Chemicals has approved a buyback upto 7% and the stocks is up over 7%, Glenmark is getting active and is up over 6%.

Among the top gainers were BHEL, DLF, SBI, ICICI Bank, HDFC Bank and Sterlite Industries.

Orchid Chem, BHEL, Reliance Industries and L&T were most active shares on the bourses.

Capital goods stocks have underperformed the market today, BSE Capital Goods Index was down 1.5%.

Technology, telecom, FMCG, oil stocks are under selling pressure on profit booking. These indices were down over 1%.

Mkts still in red: Cap goods, IT down; midcaps up

The markets are still trading in red but are off the day's lows. Selling pressure is seen in capital goods, telecom, FMCG, IT, oil stocks. However, selct buying is seen in banking and midcap stocks. Small cap index is trading absolutely flat. On the global front, most Asian markets were trading lower.
At 11.37 hrs IST, the Sensex is down 154.50 points or 0.98% at 15602.58, and the Nifty down 38.90 points or 0.82% at 4722.30.

About 1146 shares have advanced, 1103 shares declined, and 822 shares are unchanged.

L&T, Grasim, Bharti Airtel, Tata Communications and Wipro were top selling counters

Among the top gainers were BHEL, DLF, SBI, ICICI Bank, HDFC Bank and Sterlite Industries.

Bankex is up over 1%; BSE Midcap index is up 0.7%.

Orchid Chem, BHEL, Reliance Industries and L&T were most active shares on the bourses.

Capital goods stocks have underperformed the market today, BSE Capital Goods Index was down 1.5%.

Technology, telecom, FMCG, oil and banking stocks are under selling pressure on profit booking. These indices were down 0.5%-1%.

Mkts slip further; capital goods, IT, telecom stks down

The markets have lost ground further and trading weak due to selling pressure in capital goods, telecom, FMCG, IT, oil and banking stocks. Market breadth is negative. Midcap and small cap indices are flat. On the global front, Asian markets are trading lower.

At 10.25 hrs IST, the Sensex was down 149.61 points or 0.95% at 15607.47, and the Nifty down 39.50 points or 0.83% at 4721.70. About 921 shares have advanced, 1006 shares declined, and 1144 shares are unchanged.

L&T, Grasim, Bharti Airtel, Tata Communications and Wipro were top selling counters while gainers were BHEL, DLF, HDFC Bank and Sterlite Industries.

Orchid Chem, BHEL, Reliance Industries and L&T were most active shares on the bourses.

Capital goods stocks have underperformed the market today, BSE Capital Goods Index was down 1.9%.

Technology, telecom, FMCG, oil and banking stocks are under selling pressure on profit booking. These indices were down 0.7-1.5%.

Markets open lower on some profit booking

The markets have opened lower and lost some ground on the back of profit booking after yesterday's sharp rally across the sectors and weak Asian cues. Metal, capital goods, technology and auto stocks are under selling pressure while realty stocks gained.

At 9:56 am, the Sensex was down 30 points at 15,725 and the Nifty down 3 points at 4757.

Losers were Suzlon, Hindalco, L&T, Wipro, SAIL, Nalco, TCS, Reliance Energy, Maruti, M&M and Tata Comm. However, DLF, Reliance Comm and Unitech were gainers.

Orchid Chemical continued its upmove and went up 6% in early trade as Ranbaxy's group company, Solrex Pharma increased stake to 11.39% in the company. In another block deal - 3 lakh Orchid Chem shares changed hands on BSE at Rs 225.90/sh.

Asian markets were trading weak. Japan's Nikkei was down 0.93% or 125.22 points at 13,325.01. Hong Kong's Hang Seng slipped 0.85% or 209.29 points at 24,369.47. Taiwan's Taiwan Weighted fell 0.22% or 18.79 points at 8,711. Singapore's Straits Times declined 0.47% or 14.86 points 3,167.06. South Korea's Seoul Composite dropped 1.03% or 18.26 points at 1,755.30.

Wall Street ended flat as fears about first quarter earnings temper sentiment. The Dow advanced 3.01 points, or 0.02%, to 12,612.43. The S&P 500 index was up 2.14 points, or 0.16%, at 1,372.54. The Nasdaq composite index slipped 6.15 points, or 0.26%, to 2,364.83.

Market cues:

• FIIs net buy $ 338.3 mn in equity on Apr 4
• Provisional figure was net sell of $212 m
• MFs net sell Rs 162.5 cr in equity on Apr 4
• NSE F&O Open Int up by Rs 1,096 crore at Rs 54,385 cror

F&O cues:

• Futures Open Interest up by Rs 651 crore and Options Open Interest up by Rs 445 crore
• Nifty Futures shed 15 lakh shares in OI, at 3-pt premium
• Nifty Open Int PCR at 1.22 Vs 1.12
• Nifty Puts add 11 lakh shares in Open Interest
• Nifty Calls shed 3 lakh shares in Open Interest
• Nifty 4700 Put adds 2.5 lakh shares in Open Interest
• Nifty 4600 Put adds 2.3 lakh shares in Open Interest
• Nifty 4800 Put adds 2 lakh shares in Open Interest
• Nifty 5200 Call adds 1 lakh shares in Open Interest
• Nifty 5000 Call sheds 2.8 lakh shares in Open Interest
• Nifty 4800 Call sheds 1.6 lakh shares in Open Interest
• Stock Futures add 1.2 cr shares in Open Interest