MUMBAI (Commodityonline): Indian bourses opened tad higher amid positive global cues. However, indices soon dragged in to negative territory led by Capital Goods and Metal stocks. On the other hand FMCG stocks witnessed buying in early part of the day.
Indices remained choppy in afternoon session. Weak European cues led heavy selling in Metal stocks. Auto and Realty stocks remained other big losers in today's session. Indices plunged in closing session despite recovery in European markets.
Markets breadth remained bearish on broad base selling. Midcap and Smallcap indices continued its downtrend, closed with loss of 1.86% and 1.45% respectively. Benchmark indices lost over 1% each.
BSE Sensex closed at 15175.08 with the loss of 204.26 points and at NSE Nifty closed at 4544.20 with the loss of 68.90 points at the end of the day. BSE Midcap index closed at 5076.04 with the loss of 96.06 points and BSE Smallcap index closed at 5465.70 with the loss of 80.46 points.
In percentage term key losers were Jaiprakash Associates Ltd (NSE: JPASSOCIAT), Tata Power Company Ltd (NSE: TATAPOWER) and Tata Steel Ltd (NSE: TATASTEEEL) while key gainers were Ranbaxy Laboratories Ltd (NSE: RANBAXY), Oil & Natural Gas Corporation Ltd (NSE: ONGC) and HDFC Bank Ltd (NSE: HDFCBANK).
On sectoral front almost all the sectoral indices closed in red barring FMCG index closed marginally in green. Major selling was seen in Capital Goods, Metal, Realty, Auto, Banking & Financial and Oil & Gas sectors. Markets breadth on BSE remained negative were 845 advances against 1917 declines stocks.
From the perspective of weight in Nifty key losers were Reliance Industries Ltd (NSE: RELIANCE), Larsen & Toubro Ltd (NSE: LT) and Bharti Airtel Ltd (NSE: BHARTIARTL) while key gainers were HDFC Bank Ltd (NSE: HDFCBANK), ITC Ltd (NSE: ITC) and Oil & Natural Gas Corporation Ltd (NSE: ONGC).
Get sure shot capital market calls only on www.makemystocks.com Call 079-40275050 or mail to info@commodityonline.com.
Courtesy: www.makemystocks.com
