The Indian market made a smart recovery in the final trading hours of the session on the back of selective buying across the sectoral indices scrips. The market opened with heavy losses on the back of weak cues from the global markets and drifts down further there after but managed to pare most of its initial losses towards the end of the session. The banking shares gained on the back of RBI quarterly review, which is scheduled on tomorrow. There are rumors that there is a possibility of a 25 basis point repo rate cut by RBI after a sharp cut in US interest rates last week. The Mid Caps and Small Caps also remained out of favor as they faced heavy selling pressures across the counters. The BSE Sensex closed lower by 208.88 points at 18,152.78 and NSE Nifty fell by 109.25 points to close at 5,274.10. The BSE Mid Cap and Small Cap indices decreased by 34.44 points and 117.39 points to close at 7,986.68 and 10,303.51 respectively.
BSE Realty index declined by 508.65 points to close at 10,689.41. Scrips that fell are HDIL (7.30%), Unitech (6.51%), DLF (5.57%), Ansal Infra (4.18%) and Sobha Dev (4.45%).
BSE Metal index fell by 161.04 points to close at 15,442.75. Scrips that fell are SAIL (5.93%), Nalco (5.87%), Maharash Sea (4.73%), Bhuhan Steel (3.76%) and Tata Steel (2.20%).
BSE Oil & Gas index slipped by 119.73 points to close at 11,078.11. Losers are Cairn India (4.15%), BPCL (4.04%), HPCL (2.90%), RPL (2.72%), IOCL (1.53%).
BSE Auto index grew by 83.27 points to close at 4,926.14. Gainers are Bajaj Auto (8.62%), Maruti Suzuki (3.97%), M&M (1.9%), Hero Honda (0.44%), MRF (0.44%) and Tata Motors (0.33%).
BSE Capital Goods index closed lower by 346.82 points at 17,116.36. Scrips that fell are Bharat Elec (9.49%), Suzlon Ener (7.08%), BEML (5.50%), AIA Eng (4.96%), BHEL (3.36%).
BSE Bankex index closed higher by 796.89 points to close at 11,379.77. Scrips that gained are Canara bank (5.11%), Yes bank (5.05%), BOI (3.78%), Axis bank (3.66%) and Oriental bank (3.10%).
BSE Realty index declined by 508.65 points to close at 10,689.41. Scrips that fell are HDIL (7.30%), Unitech (6.51%), DLF (5.57%), Ansal Infra (4.18%) and Sobha Dev (4.45%).
BSE Metal index fell by 161.04 points to close at 15,442.75. Scrips that fell are SAIL (5.93%), Nalco (5.87%), Maharash Sea (4.73%), Bhuhan Steel (3.76%) and Tata Steel (2.20%).
BSE Oil & Gas index slipped by 119.73 points to close at 11,078.11. Losers are Cairn India (4.15%), BPCL (4.04%), HPCL (2.90%), RPL (2.72%), IOCL (1.53%).
BSE Auto index grew by 83.27 points to close at 4,926.14. Gainers are Bajaj Auto (8.62%), Maruti Suzuki (3.97%), M&M (1.9%), Hero Honda (0.44%), MRF (0.44%) and Tata Motors (0.33%).
BSE Capital Goods index closed lower by 346.82 points at 17,116.36. Scrips that fell are Bharat Elec (9.49%), Suzlon Ener (7.08%), BEML (5.50%), AIA Eng (4.96%), BHEL (3.36%).
BSE Bankex index closed higher by 796.89 points to close at 11,379.77. Scrips that gained are Canara bank (5.11%), Yes bank (5.05%), BOI (3.78%), Axis bank (3.66%) and Oriental bank (3.10%).
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