Thu, Mar 21, 2013 at 17:30 PM
Markets closed weak, amid profit booking.
Markets after opening up in the morning could not sustain its gain in the noon and closed lower, due to profit booking in Oil & Gas, Auto and FMCG sector amid weak European cues. Sensex closed down by 91.32 points or 0.48% at 18,792.87, after opening up by 42.02 points or 0.22% at 18,926.21 and striking a high of 19,028.09 and a low of 18,836.77, while Nifty closed down by 35.65 points or 0.63% at 5,658.75, after opening up by 11.50 points or 0.20% at 5,705.90 and touching a high of 5,757.75 and a low of 5,647.95 in the day.
Sectoral wise, barring Consumer Durables and IT indices which closed up by 0.78% and 0.27%, all other indices ended negative. Realty index slumped down by 2.91%, Power, Capital Goods and Auto indices dropped down by 2.38%, 2.30% and 2.23%, PSU and Oil & Gas declined by 1.19% and 1.18%, Metal down by 0.94%, Healthcare fell by 0.79%, FMCG down by 0.59% and Bankex down by 0.31%. In broader markets, both the indices Mid-cap and Small-cap dropped down by 1.07% and 1.23% respectively.
Major stock gainers were, Bharti Airtel spurted up by 5.99%, ICICI Bank Limited surged up by 3.35%, HDFC advanced up by 2.09%, Jindal Steel & Power Limited gaining up by 1.02%, Wipro Limited gained up by 0.99%, Mahindra & Mahindra advanced up by 0.67%, Infosys, Coal India gained and Tata Consultancy Services up by 0.25%-0.24% each, Gail (India) inched up by 0.19% while State Bank of India tad up by 0.11%.
Major stock losers were, Bajaj Auto Limited, Tata Motors Limited and Tata Power Company slumped by 4.61%, 4.22% and 4.06%, HDFC Bank Limited dropped down by 3.14%, Larsen & Toubro, Maruti Suzuki, Hindalco Industries and Tata Steel Limited dropped down between 3%-2% each, Hindustan Unilever, Hero Motocorp, Dr Reddys Laboratories, Cipla Limited, BHEL and Reliance Industries Limited fell between 2%-1% respectively, Sun Pharmaceuticals down by 0.98%, ONGC fell by 0.95%, NTPC fell by 0.90%, ITC down by 0.80% and Sterlite Industries down by 0.44%.
Ingersoll Rand (India) rallied by 6.80%, after the company inaugurated its greenfield manufacturing facility at the Mahindra World City, Chennai, yesterday.
HDIL (Housing Development and Infrastructure Limited) closed down by 2.16%, extending its last four-days fall, despite the company stating that it has not accepted the rating assigned by local rating agency for its non-convertible debentures (NCDs) and has submitted to review the same.
Overall market breadth was firm negative with 1,926 shares declined compared to 942 shares advanced, while 119 shares remained unchanged.
Markets closed weak, amid profit booking.
Markets after opening up in the morning could not sustain its gain in the noon and closed lower, due to profit booking in Oil & Gas, Auto and FMCG sector amid weak European cues. Sensex closed down by 91.32 points or 0.48% at 18,792.87, after opening up by 42.02 points or 0.22% at 18,926.21 and striking a high of 19,028.09 and a low of 18,836.77, while Nifty closed down by 35.65 points or 0.63% at 5,658.75, after opening up by 11.50 points or 0.20% at 5,705.90 and touching a high of 5,757.75 and a low of 5,647.95 in the day.
Sectoral wise, barring Consumer Durables and IT indices which closed up by 0.78% and 0.27%, all other indices ended negative. Realty index slumped down by 2.91%, Power, Capital Goods and Auto indices dropped down by 2.38%, 2.30% and 2.23%, PSU and Oil & Gas declined by 1.19% and 1.18%, Metal down by 0.94%, Healthcare fell by 0.79%, FMCG down by 0.59% and Bankex down by 0.31%. In broader markets, both the indices Mid-cap and Small-cap dropped down by 1.07% and 1.23% respectively.
Major stock gainers were, Bharti Airtel spurted up by 5.99%, ICICI Bank Limited surged up by 3.35%, HDFC advanced up by 2.09%, Jindal Steel & Power Limited gaining up by 1.02%, Wipro Limited gained up by 0.99%, Mahindra & Mahindra advanced up by 0.67%, Infosys, Coal India gained and Tata Consultancy Services up by 0.25%-0.24% each, Gail (India) inched up by 0.19% while State Bank of India tad up by 0.11%.
Major stock losers were, Bajaj Auto Limited, Tata Motors Limited and Tata Power Company slumped by 4.61%, 4.22% and 4.06%, HDFC Bank Limited dropped down by 3.14%, Larsen & Toubro, Maruti Suzuki, Hindalco Industries and Tata Steel Limited dropped down between 3%-2% each, Hindustan Unilever, Hero Motocorp, Dr Reddys Laboratories, Cipla Limited, BHEL and Reliance Industries Limited fell between 2%-1% respectively, Sun Pharmaceuticals down by 0.98%, ONGC fell by 0.95%, NTPC fell by 0.90%, ITC down by 0.80% and Sterlite Industries down by 0.44%.
Ingersoll Rand (India) rallied by 6.80%, after the company inaugurated its greenfield manufacturing facility at the Mahindra World City, Chennai, yesterday.
HDIL (Housing Development and Infrastructure Limited) closed down by 2.16%, extending its last four-days fall, despite the company stating that it has not accepted the rating assigned by local rating agency for its non-convertible debentures (NCDs) and has submitted to review the same.
Overall market breadth was firm negative with 1,926 shares declined compared to 942 shares advanced, while 119 shares remained unchanged.
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