MUMBAI (Commodityonline): Indian equity markets opened positive amid positive global cues. However, indices remained range bound and held the gain in opening session. Financial, Metal and IT supported the indices in opening session.
Indices remained range bound in afternoon session. European cues not encouraging to boost sentiment. Indices plunged in closing session as trader not willing to held long position ahead of weekends. Reliance led the losses in closing session. Financial,Metal and Auto also dragged after trader unwind their position.
Markets breadth remained marginally negative as muted buying was seen in Midcap and Smallcap stocks. Midcap and Smallcap indices closed in green. Benchmark indices paired half percent in today's session while lost almost 2% in this week.
BSE Sensex closed at 15454.92 with the loss of 89.01 points and at NSE Nifty closed at 4624.30 with the loss of 21.95 points at the end of the day. BSE Midcap index closed at 5135.05 with the gain of 16.06 points and BSE Smallcap index closed at 5550.14 with the gain of 5.15 points.
In percentage term key losers were Kotak Mahindra Bank Ltd (NSE: KOTAKBANK), Infrastructure Development Finance Company Ltd (NSE: IDFC) and Reliance Industries Ltd (NSE: RELIANCE) while key gainers were Cairn India Ltd (NSE: CAIRN), Reliance Communications Ltd (NSE: RCOM) and Sesa Goa Ltd (NSE: SESAGOA).
On sectoral front almost all the sectoral indices closed in red barring Pharma and IT sector closed marginally in green. Major selling was seen in Oil & Gas, Realty, Banking & Financial, Metal and Auto sectors. Markets breadth on BSE remained negative were 1322 advances against 1482 declines stocks.
From the perspective of weight in Nifty key losers were Reliance Industries Ltd (NSE: RELIANCE), Hindustan Unilever Ltd (NSE: HINDUNILVR) and Housing Development Finance Corporation Ltd (NSE: HDFC) while key gainers were Infosys Ltd (NSE: INFY), Cairn India Ltd (NSE: CAIRN) and ITC Ltd (NSE: ITC).
Get sure shot capital market calls only on www.makemystocks.com Call 079-40275050 or mail to info@commodityonline.com.
Courtesy: www.makemystocks.com
