MUMBAI (Commodityonline): Indian equity markets opened higher amid strong global cues. Indices soon witnessed profit booking as markets were trading at strong resistance area. Oil & Gas and Capital Goods stocks led the profit booking. Indices paired all the gain in opening session and remained in negative territory rest of the day.
Markets remained range bound in afternoon session. Stock specific activity was seen. Auto and Financial stocks remained strong in today’s session. Indices remained in red despite strong European cues.
Markets breadth remained marginally negative. Midcap and Smallcap indices closed almost flat along with benchmark indices.
BSE Sensex closed at 17025.09 with the loss of 57.60 points and at NSE Nifty closed at 5118.25 with the loss of 14.05 points at the end of the day. BSE MIDCAP index closed at 6189.49 with the loss of 0.43 points and BSE SMALLCAP index closed at 6922.97 with the loss of 15.01 points.
In percentage terms key losers were Reliance Industries Ltd (NSE: RELIANCE), Bharat Petroleum Corporation Ltd (NSE: BPCL) and NTPC Ltd (NSE: NTPC) while key gainers were Tata Motors Ltd (NSE: TATAMOTORS), Cairn India Ltd (NSE: CAIRN) and Ambuja Cements Ltd (NSE: AMBUJACEM).
On sectoral front major selling was seen in Oil & Gas, Capital Goods and IT sectors while major buying was seen in Auto, Banking & Financial and Realty sectors. Market breadth on BSE remained negative were 1320 advances against 1444 declines stocks.
From the perspective of weight in Nifty key losers were Reliance Industries Ltd (NSE: RELIANCE), Larsen & Toubro Ltd (NSE: LT) and Tata Consultancy Services Ltd (NSE: TCS) while key gainers were Tata Motors Ltd (NSE: TATAMOTORS), ICICI Bank Ltd (NSE: ICICIBANK) and Housing Development Finance Corporation Ltd (NSE: HDFC).
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