Nifty choppy; private banks, cap goods gain
04 Jan 2012
The market was highly volatile in trade following mixed global cues. Index heavyweights Reliance Industries and SBI too added to the volatility. Technology, FMCG, telecom and select auto stocks were under pressure while the buying in private banks, capital goods and metals limited the downside. The Sensex was down 36 points at 15,903.60 and the Nifty lost 11 points to 4,754.
Shares of Bharti Airtel, HUL, M&M, Bajaj Auto and Hero Motocorp were biggest losers among Sensex 30, falling 3-4.5%.
TCS tanked 1.5%, and Reliance Industries, HDFC, SBI, Infosys and ITC were down 0.2-0.7%.
However, Tata Motors retained its top position in the buying list, which shot up 4%. ICICI Bank, Hindalco and BHEL were up 2.6%.
Among others, HDFC Bank, ONGC, L&T, Tata Steel and Sterlite Industries gained nearly a percent.
In the second line shares, Rashtriya Chemical, National Fertiliser, HMT, Network 18 and TV18 Broadcast rallied 7-11%. However, Bajaj Holdings, Hathway Cable, HT Media, VIP Industries and Dewan Housing were down 4-5%.
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