Sensex erases early gains; telecom, FMCG, realty down

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 At 12:59 hours IST, The Sensex erased early gains and turned into choppy trade, as traders seemed cautious after four days of rally. Selling in telecom, realty, FMCG, capital goods and select metal stocks was putting pressure on the markets. Heavyweight ONGC & Infosys and auto stocks like Maruti and Hero Honda were other losers.

 

However, buying continued in banking, cement and oil marketing companies' shares. Reliance Industries, NTPC, Cipla, Tata Motors, M&M and SAIL were other gainers.

 

Nissan Renault CEO Carlos Ghosn says the company signed deal with Bajaj Auto for ultra low-cost car. Bajaj Auto stock was up 0.52%.

 

Tata Chemical acquires 9.8 lakh Rallis shares at Rs 908.5/sh via preferential allotment. The company hikes stake in Rallis to 50.06% from 45.97%. Rallis was up 3.3%.

 

Top gainers in the BSE Midcap: Jai Corp up 11.95%; Hind Oil Explor up 10.00%; Engineers Ind up 9.34%; HMT up 6.82%; Guj Gas up 4.68%.

 

Top losers in the BSE Midcap: Indiabulls Real down 5.5%; Educomp Solution down 4.59%; Central Bank down 3.88%; Thomas Cook down 3.54%; AstraZeneca down 3.53%. 

 

Top gainers in the BSE Smallcap: Hind Motors up 14.25%; TIL up 10.35%; IVR Prime up 9.98%; Indo Tech Trans up 9.46%; Brigade Enterp up 8.08%.

 

Top losers in the BSE Smallcap: Nagarjuna Agric down 5.42%; HBL Power down 5%; Rollatainers down 4.98%; JMD Telefilms down 4.98%; Kirloskar Ferro down 4.89%.

 

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