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Moneycontrol » News » Markets » Local Markets Nifty struggles to hold 5300; oil & gas, tech, ADAG tumble Published on Mon, Jun 20, 2011 at 13:19 |  Source : Moneycontrol.com Updated at Mon, Jun 20, 2011 at 14:12   2 Stocks to Hold Forever www.StreetAuthority.com Buy these stocks and yourgrandchildren will love you forever       Ads by Google Story Comments (1) Share      Watch CNBC-TV18 live only on MYTV >> ALSO READ See Key Market Stats - Top Gainers/ Losers, Most Actives, Highs/Lows See how Global Markets are trading Indian ADRs The BSE Sensex was trading lower in the afternoon trade but has recovered around 300 points from day’s low. The NSE Nifty was still trading below 5300 mark. Heavy sell off was seen in realty, IT, power, oil & gas, metals and auto stocks. Stocks like Reliance, Infosys, ICICI Bank, ITC, L&T and ONGC were major laggards to the bourses. On the Global front, Asian and European markets too were weak, which was also another reason that affecting our markets. At 13.17 hrs IST, the Sensex was down 262.13 points or 1.47% at 17608.40, and the Nifty was down 73.85 points or 1.38% at 5292.55. About 540 shares have advanced, 2155 shares declined, and 956 shares are unchanged. Top losers on the Sensex were Reliance Comm at Rs 88.60 down 6.83%, Reliance Infra at Rs 546.10 down 5.93%, Cipla at Rs 316.50 down 3.61%, ONGC at Rs 258.05 down 2.66% and Jaiprakash Asso at Rs 79.45 down 2.58%. Out of BSE Sensex 30, only Bharti Airtel and Hero Honda were trading positive. Most active shares on NSE were GTL, Reliance, Infosys, Titan Industries, SBI. Refinery major HPCL was trading at Rs 374.05 down 2.22% from its previous close of Rs 382.55. Panicky investors chose to dump GTL group shares on the back of three-pronged reasons: company's higher debt, scrapping of fund raising plan and the Mauritius government's tax treaty plan with India. At 1:39 hours, shares of GTL and GTL Infra plummented 58% and 36% respectively to Rs 143 and Rs 18.90 respectively. ADAG stocks slide as there will be no ADAG company in Sensex from August 8, reports CNBC-TV18. Sun Pharmaceutical Industries and Coal India will replace Reliance Communications and Reliance Infrastructure in the Sensex from August 8, 2011. Tags: Sensex, Nifty, Markets 1 2 3 Next page » Day Trading Stock Alerts See Our Successful Alerts. No Spam.   Get Our Day Trading Alerts Today! www.gladiatorstocks.com Online Stock Trades $3.95 Stock Trades & Mobile Trading   Don't Pay More to Get More-Trade Up OptionsHouse.com Ads by Google PREVIOUS STORY Advance tax revenue rise 19% in Q1 NEXT STORY Adarsh scam: Bail pleas of 3 UDD officers rejected Comments Haady_right Silver Member 0 Follower Nifty will close above 5300 54 min 43 sec ago Show all messages Have an opinion on this news? Post your comment here. Type your message here Entities: Dhirubhai Ambani, BSE Sensex, Nifty

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