Markets closed lower on a negative note as selling was seen in the financial shares as rate cut hope faded on higher-than-expected inflation data. The S& BSE Sensex closed down by 59.92 points or 0.29% at 20,547.62. It touched a high of 20,547.62 and a low of 20,446.73 in the intra-day. The CNX Nifty slipped by 23.65 points or 0.39% to 6,089.05. It touched a high of 6,156.30 and a low of 6,056.55 in th e intra-day trading session today.
Among the sectoral indices, Bankex slipped by 2.59% followed by Realty and Consumer Durables declining by 1.60% and 1.20%. PSU, Capital Goods, Power, Auto, Healthcare and Oil & Gas were other sectoral indices on the declining side while Metal index gained by 0.91%, IT index up by 0.61% and FMCG index marginally gaining by 0.17%. In the broader markets, Mid-cap index dropped by 1.30% and Small-cap index also declined by 0.95% respectively.
Among the index gainers were, Tata Steel, Bharti Airtel, Wipro and Hindalco Inds gaining between 3-1%. Hindustan Unilever, Sesa Sterlite, BHEL, Infosys, NTPC, Cipla, Mahindra & Mahindra, TCS and ITC were among the other notable gainers.
Among the index losers were, Hero MotoCorp, HDFC Bank, SBI, Tata Power, ICICI Bank and Gail (India) declined between 3-1%. L&T, Bajaj Auto, Sun Pharma, Coal India, Dr Reddys Lab, Maruti Suzuki, Tata Motors, Reliance Industries, HDFC, Jindal Steel and ONGC were among the other notable losers.
The overall market breadth was firm negative with 1,467 shares declining as compared to 958 shares advancing while 137 shares remained unchanged.
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