Wed, May 22, 2013 at 16:00 PM
Markets closed lower, amid L&T.
Markets after opening positive in the morning traded range bound before declining and closing neative amid weigh down due to profit booking in L&T. Sensex ended down by 49.37 points or 0.25% at 20,062.24 after opening positive up by 39.08 points or 0.19% at 20,150.69 and touched a high of 20,220.35 and a low of 20,000.86 while Nifty closed down by by 19.60 points or 0.32% at 6,094.50 after opening marginally up by 12.95 points or 0.21% at 6,127.05 and touched a high of 6,147.60 and a low of 6,074.45 in the day.
Sectoral wise, Capital Goods and Realty index dropped down by 3.67% and 3.47%, followed by indices were Oil & Gas, Power, Metal and PSU down between 1%-0.50%, Bankex and Auto indices declined by 0.44%-0.40%, and Consumer Durables down by 0.08%, while FMCG index closed positive up by 0.83%, Healthcare index up by 0.41% and IT index marginally up by 0.13%. Whereas from broader markets, Mid-cap index declined down by 0.83% and Small-cap index fell by 0.82%.
Major stock gainers were, Sun Pharmaceuticals and Bharti Airtel Limited surged up by 2.90% and 2.25%, Dr Reddys Laboratories, NTPC and ITC gained between 2%-1%, Wipro Limited, Coal India Limited, ONGC and Mahindra & Mahindra up between 1%-0.40%, Tata Consultancy Services and State Bank of India gained up by 0.15% and 0.14%, Infosys, Hindalco Industries Limited and Jindal Steel & Power Company inched up by 0.05% each, and ICICI Bank Limited almost flat up by 0.01%.
Major stock losers were, Larsen & Toubro slipped by 5.57%, Tata Power Company and Hero Motocorp declined by 2.16% and 2.04%, Gail (India), Sterlite Industries Limited, Reliance Industries Limited and BHEL fell between 2%-1%, Tata Steel Limited, HDFC Bank Limited, Maruti Suzuki and Tata Motors Limited fell between 1%-0.50%, HDFC and Cipla Limited down by 0.44% each, Infosys and Bajaj Auto declined by 0.38% and 0.26%, while Hindustan Unilever ended marginally lower by 0.09%.
Larsen & Toubro dropped down by 5.57%, after company reported a drop of 6.90% in standalone net profit at Rs 1,787.94 crore for the quarter ended on March 2013, amid rise in interest outgo.
Overall market breadth was firm negative with 1,449 shares declined compared to 867 shares advanced while 130 shares remained unchanged.
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