MUMBAI (Commodityonline): Indian borses opened gap down amid weak global cues. Indices dragged led by Capital Goods and Metal stocks in opening session. On the other hand Phama stocks witnessed buying in opening session.
Markets extended losses in afternoon session led by Financial and Auto stocks. European markets opened in red which put further pressure in local markets. Markets closed near low point of the day.
Markets breadth remained negative on broad base selling. Both Midcap and Smallcap indices closed with loss of 1.9% and 1.8% respectively while benchmark indices closed with loss over 2% in today's session.
BSE Sensex closed at 16863.30 with the loss of 370.68 points and at NSE Nifty closed at 5087.30 with the loss of 117.40 points at the end of the day. BSE MIDCAP index closed at 5756.98 with the loss of 115.38 points and BSE SMALLCAP index closed at 6373.59 with the loss of 118.10 points.
In percentage terms key losers were Bharat Heavy Electricals Ltd (NSE: BHEL), Sterlite Industries (India) Ltd (NSE: STER) and Jaiprakash Associates Ltd (NSE: JPASSOCIAT) while key gainers were Ranbaxy Laboratories Ltd (NSE: RANBAXY), Sun Pharmaceuticals Industries Ltd (NSE: SUNPHARMA) and Bajaj Auto Ltd (NSE: BAJAJ-AUTO).
On sectoral front almost all the sectoral indices closed in red. Major selling was seen in Capital Goods, Realty, Metal, Banking & Financial, Oil & Gas and Auto sectors. Market breadth on BSE remained negative were 1009 advances against 1834 declines stocks.
From the perspective of weight in Nifty key losers were Reliance Industries Ltd (NSE: RELIANCE), ICICI Bank Ltd (NSE: ICICIBANK) and Larsen & Toubro Ltd (NSE: LT) while key gainers were Sun Pharmaceuticals Industries Ltd (NSE: SUNPHARMA) and Tata Consultancy Services Ltd (NSE: TCS).
Courtesy: www.makemystocks.com
