Mar 26, 2013, 02.31 PM | Source:

Live Market Updates: Sensex, Nifty turn volatile; L&T drops 2.2%

Key equity benchmarks turned volatile in mid afternoon trade, ahead of F&O expiry.

Moneycontrol Bureau

Key equity benchmarks turned volatile in mid afternoon trade, ahead of F&O expiry. 

At 13.49 hrs IST, the Sensex is up 9.55 points or 0.05% at 18690.97, and the Nifty down 0.70 points or 0.01 percent at 5633.15.

European markets opened flat.

Shares of engineering major Larsen & Toubro (L&T) dropped 2.22 percent on the company's announcement that it has acquired 50 percent stake in Future Generali India Insurance Company owned by Kishore Biyani's Future Group for around Rs 500 crore. L&T shares are down more than 16 percent in 2013, but rose more than 60 percent in 2012.

RIL shares are struggling in trade today, down 2.6 percent; after rising 21 percent in 2012, the stock has lost more than 6 percent this year.

Stocks that have touched their 52-week low today: MMTC, SAIL, Tata Steel, DB Realty, Hero MotoCorp.

It has been a lackluster session for the market ahead of expiry on Thursday. The market will remain shut tomorrow on account of Holi. The BSE Sensex is up 5 points at 18685 and the Nifty up 1 point at 5635.

Read More »

Indices are trading flat after a small gap down in the opening bell on low volumes. The stock exchanges will remain shut tomorrow on account of Holi. Political uncertainty and weak global cues is keeping the market participants away from the market. The Nifty has tested its 200 Day Moving Average (DMA) of 5620 today.

Read More »

Indices continue to be listless in the absence of buying support in a week shortened by two trading holidays.The Nifty has broken its 200 Day Moving Average (DMA) of 5620 this morning. A close below 200 DMA, an indicator closely followed by technical analysis, on a consistent basis indicates further weakness ahead.

Read More »

Key indices were sluggish in early trade Tuesday, as the ongoing political uncertainty continue to weigh on sentiment. On Monday, Samajwadi Party chief Mulayam Singh revived talk of the Third Front, which political experts say is an indirect indication of early elections.

Read More »


video of the day

Like Bank Nifty; mkt has strong support at 7700: PhillipCap

Explore Moneycontrol

Copyright © Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of is prohibited.