By Bharti Navlani
MUMBAI (Commodity Online): Indian stock markets continued its decline even today on account of profit booking. Global markets also opened weak and is in a bearish mould.
All the sectors ended the day in negative zone. Auto and Real Estate stocks were the top losers.
Auto Companies came out with mixed monthly sales figures. Mahindra & Mahindra posted 20% rise in sales. Maruti Suzuki India today reported a 53.25 per cent fall in sales owing to labor unrest at its Manesar plant, which severely affected production. Tata Motors reported 5.02 per cent increase in its total sales during October 2011.
There is an added worry about the slowdown in the domestic economy as infrastructure sector production has declined to a 31-month low in September.
The 50-share S&P CNX Nifty today gave gap down open at 5279 and traded weak for the whole day. Nifty made low of 5238 and settled at 5258 down by 69 points.
The European markets are trading weak. The FTSE index is down by 120 points, DAX index is down by 220 points and CAC index is down by 121 points.
The market breadth, indicating the health of the market was negative. On NSE, 475 shares advanced while 949 shares declined. Total of 70 shares remained unchanged.
Out of 50-share S&P CNX Nifty pack, 12 scrips advanced while 38 scrips declined. Hindustan Unilever was up by 3.13%, PNB was up by 2.06% and Wipro was up by 1.81% were the top gainers from the Nifty pack.
ICICI Bank was down by 3.87%, M&M was down by 3.75% and Relinfra was down by 3.73% were the top losers from the Nifty pack.
Get sure shot capital market calls only on www.makemystocks.com. Call 079-40275050 or mail to info@commodityonline.com
Courtesy: www.makemystocks.com
