MUMBAI (Commodityonline): Indian equity markets opened tad higher amid positive global cues. Indices extended gain in opening session led by buying in Auto and Capital Goods stocks. On the other hand Metal stocks witnessed selling pressure.
Indices remained choppy and lackluster in absence of strong buying support. Indices give up all the gain in afternoon session despite strong European cues. Markets plunged in closing session as traders averted holding any position ahead of weekends.
Markets breadth remained negative. Midcap and Smallcap indices closed with loss of 0.6% each in today’s session. Markets consolidate throughout the week. Sensex closed with loss of 1.7% this week.
BSE Sensex closed at 16785.64 with the loss of 151.25 points and at NSE Nifty closed at 5049.95 with the loss of 41.95 points at the end of the day. BSE MIDCAP index closed at 6111.87 with the loss of 41.65 points and BSE SMALLCAP index closed at 6825.10 with the loss of 41.17 points.
In percentage terms key losers were Larsen Toubro Ltd (NSE: LT), Bharti Airtel Ltd (NSE: BHARTIARTL) and Tata Motors Ltd (NSE: TATAMOTORS) while key gainers were Bajaj Auto Ltd (NSE: BAJAJ-AUTO), Maruti Suzuki India Ltd (NSE: MARUTI) and Siemens Ltd (NSE: SIEMENS).
On sectoral front almost all the sectoral indices closed in red. Major selling was seen in Realty, Capital Goods, Metal, FMCG and Banking & Financial sectors. Market breadth on BSE remained negative were 1096 advances against 1711 declines stocks.
From the perspective of weight in Nifty key losers were Larsen Toubro Ltd (NSE: LT), Housing Development Finance Corporation Ltd (NSE: HDFC) and Bharti Airtel Ltd (NSE: BHARTIARTL) while key gainers were Bajaj Auto Ltd (NSE: BAJAJ-AUTO), State Bank of India Ltd (NSE: SBIN) and Tata Consultancy Services Ltd (NSE: TCS).
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