Live: Reliance near 2 years low, Sensex down by 200 pts

3.30 p.m: Markets closed near the low of the day with Sensex closing 183 points lower at 15,544 while Nifty closed 59.55 points lower at 4646.

Reliance touched a new 33 month low of Rs 707.20 down by nearly 3.91 percent. Among the other stocks which saw high volatility was IFCI which had an intra-day swing of almost 15 percent, falling from a high of Rs 27.20 to a low of Rs 22.50 in a matter of 15 minutes.

Bhel closed 4 percent lower at Rs 237, while L&T closed below the Rs 1000 mark at Rs 999.40, down 2.9 percent.

Banking counters let go of their earlier gains with ICICI Bank falling 2.47 percent at Rs 680.15, Axis Bank falling by 2.74 percent at Rs 809.80 and HDFC Bank falling by 2.46 percent at Rs 429. SBI however, ended the day nearly 0.7 percent higher at Rs 1,621.

Metal stocks maintained their lead with Jindal Steel closing 2.2 percent higher at Rs 465, JSW Steel rising by 2.37 percent at Rs 526 and Hindalco rising by 0.77 percent at Rs 117.50. Tata Steel however closed 1.6 percent lower at Rs 341.25.

Banks, metal stocks gain in volatile market

2.25 p.m: A volatile market has seen banking and met stocks rise.

SBI trades at Rs 1630, up 1.25 percent, the stock had fallen below Rs 1600 during early hours of the trade.

Reliance however, continues to fall and has touched a new low of Rs 721.90, down 2.3 percent.

With derivative position being rolled over from current month to January, market is moving in a very narrow range with Sensex trading at 15,664 down 61 points while Nifty is down 20 points at 4685.

Market slides as Reliance, banking stocks slips

1.00 p.m: Reliance has slipped by nearly 2 percent and currently trades at Rs 725.85. ICICI Bank is down 0.7 percent at Rs 692.75, Axis Bank is down 1.3 percent at Rs 822.25.

Capital goods stocks stocks have fallen with L&T down by 1.30 percent at Rs 1016.50, BHEL is down 1 percent at Rs 244.70.

DLF trades 1.8 percent lower at Rs 189.10.

Sensex meanwhile has slipped by 87 points to 15,640 while Nifty is down 31 points at 4673.

Market at day’s high as banks, metal recover

12.15 p.m: Markets are again trading in a narrow range, though near the high of the day. Sensex trades at 15,873 down 33 points, while Nifty trades at 4691 down 14 points. Roll-over of derivative positions are taking place smoothly.

Banking have maintained their lead with SBI trading at Rs 1619.35 up 0.60 percent, ICICI Bank is trading around the previous day’s close at Rs 697.80.

Metal stocks have recovered with Jindal Steel is at Rs 454.50 around the same level at the previous day’s close. The stock was trading 3.5 percent lower. Hindalco trades 1 percent at Rs 117.65. The stock was trading 3.5 percent lower.

Reliance trades 1.3 percent lower at Rs 729.50.

Market at day’s high as banks, metal recover

**11.00 a.m:**After moving in a narrow range for over an hour markets have just touched the high of the day. Sensex is at 15,705 down 22 points while Nifty is down by 9 points at 4696.

Banking and metal stocks have recovered from their lows with SBI trading at Rs 1624 up 0.89 percent, ICICI Bank is up 0.3 percent at Rs 699 while Jindal Steel has recovered some of its losses and trades at Rs 448, down 1.5 percent.

Reliance is down 1.33 percent at Rs 729.50.

Reliance, banking stocks pulls Sensex down 70 pts

9.45 a.m: Reflecting the mood in the global markets, Indian markets opened in the negativeterritory - opening marginally lower but slipping even more, since then. The BSE Sensex is currently trading 72 points lower at 15,655; while the NSE Nifty trades at 4,683, down 22 points.

Being the last day for rolling over of derivative position, markets are expected to remain range bound in the first half of the day.

Jindal Steel continues its slide and presently is the top loser among the top traded stocks. It currently trades at Rs 439.50 down 3.44 percent.

[caption id=“attachment_167968” align=“alignleft” width=“380” caption=“Reflecting the mood in the global markets, Indian markets opened in the negativeterritory.”] [/caption]

Reliance is trading 1 percent lower at Rs 731.30 while banking stocks are also subdued. SBI has broken the Rs 1,600 mark and is down by 0.7 percent at Rs 1,598. ICICI Bank is down to Rs 691 down 0.9 percent while Axis Bank is down 0.73 percent at Rs 826.50.

Tata Steel is down 1.15 percent at Rs 342.80 while Hindalco trades 0.77 percent lower at Rs 115.75.

Reliance Power trades 0.5 percent higher at Rs 72.15, after the company said that it will receive $1.5 billion from Chinese lenders for its Tilaiya ultra mega power plant. The company has also 200 MW power plant in Rosa taking its generation capacity to 900 MW.