The domestic market came off sharply from the day’s lows by pairing most of initial losses irrespective of the Left parties step to pull out support from the UPA government. After the initial fall, it kept on trying to recover but still close in negative territory. The market opened with downbeat note on the back of weak cues from the US markets on financial worries. The Left parties have withdrawn support to the UPA government, mentioning Prime Minister''s announcement in Tokyo about going to the IAEA soon as the provocation. They are planning to meet President Pratibha Patil tomorrow to formally withdraw support. Indian market showed some upward trend after left announcement to pullout the support from the Union government. Market staged a smart downward rally but was unable to touch the dotted line. The BSE Sensex closed below 13,400 mark today and NSE Nifty below 4,000. Oil & Gas and IT stocks were major sufferers due to selling pressure while Capital Goods and Metal stocks were in favor as buying witnessed in these baskets. The market breadth was negative as 1156 stocks closed in green while 1417stocks closed in red and 83 stocks remained unchanged.
The BSE Sensex closed lower by 176.34 points at 13,349.65 and NSE Nifty ended down by 41.45 points at 3,988.55. The BSE Mid Caps and Small Cap closed negative with loss of 23.82 points and 30.39 points 5,315.99 and 6,562.62 respectively. The BSE Sensex touched intraday high 13,451.67 of and intraday low of 13,049.96.
Lossers from the BSE are Wipro Ltd (4.61%), Tata Motors (4.13%), Infosys Tech (3.62), ITC Ltd (3.24%), Grasim Indus (3.19%), Reliance Infra (3.03%), Satyam Comp (2.99), TCS Ltd (2.97%), Reliance (2.44%) and HDFC (2.14%).
Gainers from the BSE are ACC Ltd (6.21%), M&M Ltd (3.92%), NTPC Ltd (3.60%), BHEL (2.18%), Hindalco (2.18%) and L&T Ltd (1.50%).
The Oil & Gas index ended down by 138.78 points at 8,743.36. As Relaince (2.44%), ONGC (1.74%), Aban Offshore (1.46%), Reliance Petroleum (1.32%) and Cairn India (0.99%) closed in negative territory.
The IT Index closed lower by 129.77 points at 4,045.95. Lossers are Moser bayer (5.50%) along with Wipro Ltd (4.61%), Infosys Tech (3.62), Aptech Ltd (3.13%), HCL Tech (3.03%), Satyam (2.99%) and TCS Ltd (2.97%).
The Consumer Durables Index closed lower by 72.12 points at 3,530.33. Lossers are Rajesh Export (4.45%) along with Videocon Ltd (2.99%), Blue Star L (2.53%) and Titan India (1.35%).
The FMCG index ended down by 40.32 points at 1,952.33. Lossers are Rei Agro Ltd (5.00%), ITC Ltd (3.24%), Marico Ltd (3.13%), United Sprit (2.52%), Tata Tea Ltd (2.30%), and United Brew (2.20%).
The Capital Goods index closed up by 145.72 points at 10,854.14. Gainers are Alstom Proje (7.34%), Areva (5.38%), Bharat Elect (4.91%), Elecon Eng C (3.12%), BHEL (2.18%) and ABB Ltd (1.78%).
The Power index gained 9.88 points to close at 2,330.34. Major gainers are Areva (5.38%), NTPC Ltd (3.60%), Tornt Power (3.46%), Power Grid (2.40), BHEL (2.18%) and ABB Ltd (1.78%).
The BSE Sensex closed lower by 176.34 points at 13,349.65 and NSE Nifty ended down by 41.45 points at 3,988.55. The BSE Mid Caps and Small Cap closed negative with loss of 23.82 points and 30.39 points 5,315.99 and 6,562.62 respectively. The BSE Sensex touched intraday high 13,451.67 of and intraday low of 13,049.96.
Lossers from the BSE are Wipro Ltd (4.61%), Tata Motors (4.13%), Infosys Tech (3.62), ITC Ltd (3.24%), Grasim Indus (3.19%), Reliance Infra (3.03%), Satyam Comp (2.99), TCS Ltd (2.97%), Reliance (2.44%) and HDFC (2.14%).
Gainers from the BSE are ACC Ltd (6.21%), M&M Ltd (3.92%), NTPC Ltd (3.60%), BHEL (2.18%), Hindalco (2.18%) and L&T Ltd (1.50%).
The Oil & Gas index ended down by 138.78 points at 8,743.36. As Relaince (2.44%), ONGC (1.74%), Aban Offshore (1.46%), Reliance Petroleum (1.32%) and Cairn India (0.99%) closed in negative territory.
The IT Index closed lower by 129.77 points at 4,045.95. Lossers are Moser bayer (5.50%) along with Wipro Ltd (4.61%), Infosys Tech (3.62), Aptech Ltd (3.13%), HCL Tech (3.03%), Satyam (2.99%) and TCS Ltd (2.97%).
The Consumer Durables Index closed lower by 72.12 points at 3,530.33. Lossers are Rajesh Export (4.45%) along with Videocon Ltd (2.99%), Blue Star L (2.53%) and Titan India (1.35%).
The FMCG index ended down by 40.32 points at 1,952.33. Lossers are Rei Agro Ltd (5.00%), ITC Ltd (3.24%), Marico Ltd (3.13%), United Sprit (2.52%), Tata Tea Ltd (2.30%), and United Brew (2.20%).
The Capital Goods index closed up by 145.72 points at 10,854.14. Gainers are Alstom Proje (7.34%), Areva (5.38%), Bharat Elect (4.91%), Elecon Eng C (3.12%), BHEL (2.18%) and ABB Ltd (1.78%).
The Power index gained 9.88 points to close at 2,330.34. Major gainers are Areva (5.38%), NTPC Ltd (3.60%), Tornt Power (3.46%), Power Grid (2.40), BHEL (2.18%) and ABB Ltd (1.78%).
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