Indian market took a U-turn after the mid session by pairing all its initial gains to close in red due to investors’ protective attitude during the second half and the negative cues from European markets, which were trading lower. The domestic market opened with a bang tracking the favoring cues from the Asian Markets, but was not able to sustain the momentum and fell after mid session as investors took cautious approach to book their positions. Today Indian rupee declined by 0.78% to Rs42.89/USD. This led the IT sector to obtain support from the market. However, there was lack of support in banking, oil & gas and reality stocks, which adds on heavy selling pressure. The market breadth was negative as 992 stocks closed in green while 1760 stocks closed in red and 81 stocks remained unchanged.
The BSE Sensex closed lower by 72.91 points at 16,275.59 and NSE Nifty fell by 15.25 points to close at 4,859.80. The BSE Mid Cap and Small Cap closed down by 81.86 points and 108.12 points to 6,678.91 and 8,210.08 respectively.
Losers from the BSE are SBI (4.19%), HDFC (2.08%), ICICI Bank Ltd (1.71%), ONG Corp Ltd (1.34%), Reliance (1.25%), HDFC bank Ltd (1.20%), DLF Ltd (0.80%), Tata Steel (0.80%), Hindalco (0.48%) and JP Associates (0.42%).
The IT index ended up by 32.40 points to close at 4450.40. Major gainers are Satyam Comp (3.29%), Wipro Ltd (2.71%), I-flex (2.22%), HCL Tech (1.08%) and Tech Mahindra (0.98%).
The Banking index closed lower by 184.61 points at 7,754.64. Losers are OBC (5.69%), Bank of India (4.90%), Bank of Baroda (4.80%), Indian Overseas Bank (4.69%), SBI (4.19%), and Union Bank (3.93%).
The Reality index closed down by 113.99 points at 7,226.10. Losers are Pheonix Mill (4.71%), Unitech Ltd (4.21%), Penland Ltd (4.02%), Ananat Raj In (3.56%), and Ansal Infra (3.37%).
The Oil & Gas index decreased by 112.75 points at 10,707.90. Losers are Cairn India (2.98%), Reliance Pet (2.30%), ONG Corp Ltd (1.34%), Reliance (1.25%) and Reliance Nat Res (0.81%).
The Consumer durables index was down by 85.01 points to close at 4,385.96. Major losers are Gitanjali GE (3.45%), Blue Star L (2.1%), Videocon Ind (1.87%), Lloyd Ele En (1.77%), Rajesh Export (1.54%) and Titan India (1.10%).
Metal index closed lower by 72.44 points at 16,270.77, losers are Welspan Gujarat SR (4.87%), Jindal Steel (4.01%), Sh Precoated SR (3.52%), Ispat Indus (3.23%), Hindustan Zinc (1.91%), and Maharashtra Sea1.71%).
The BSE Sensex closed lower by 72.91 points at 16,275.59 and NSE Nifty fell by 15.25 points to close at 4,859.80. The BSE Mid Cap and Small Cap closed down by 81.86 points and 108.12 points to 6,678.91 and 8,210.08 respectively.
Losers from the BSE are SBI (4.19%), HDFC (2.08%), ICICI Bank Ltd (1.71%), ONG Corp Ltd (1.34%), Reliance (1.25%), HDFC bank Ltd (1.20%), DLF Ltd (0.80%), Tata Steel (0.80%), Hindalco (0.48%) and JP Associates (0.42%).
The IT index ended up by 32.40 points to close at 4450.40. Major gainers are Satyam Comp (3.29%), Wipro Ltd (2.71%), I-flex (2.22%), HCL Tech (1.08%) and Tech Mahindra (0.98%).
The Banking index closed lower by 184.61 points at 7,754.64. Losers are OBC (5.69%), Bank of India (4.90%), Bank of Baroda (4.80%), Indian Overseas Bank (4.69%), SBI (4.19%), and Union Bank (3.93%).
The Reality index closed down by 113.99 points at 7,226.10. Losers are Pheonix Mill (4.71%), Unitech Ltd (4.21%), Penland Ltd (4.02%), Ananat Raj In (3.56%), and Ansal Infra (3.37%).
The Oil & Gas index decreased by 112.75 points at 10,707.90. Losers are Cairn India (2.98%), Reliance Pet (2.30%), ONG Corp Ltd (1.34%), Reliance (1.25%) and Reliance Nat Res (0.81%).
The Consumer durables index was down by 85.01 points to close at 4,385.96. Major losers are Gitanjali GE (3.45%), Blue Star L (2.1%), Videocon Ind (1.87%), Lloyd Ele En (1.77%), Rajesh Export (1.54%) and Titan India (1.10%).
Metal index closed lower by 72.44 points at 16,270.77, losers are Welspan Gujarat SR (4.87%), Jindal Steel (4.01%), Sh Precoated SR (3.52%), Ispat Indus (3.23%), Hindustan Zinc (1.91%), and Maharashtra Sea1.71%).
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