Fri, Mar 15, 2013 at 16:30 PM
Markets closed lower, amid profit booking in index heavy weight.
Markets closed lower after opening firm in the morning, amid profit booking in index heavy weights ans rate sensitive sector shares. Weak global cues also lend a hand dragging markets down. Sensex closed down by 142.88 points or 0.73% at 19,427.56, after opening up by 56.94 points or 0.29% at 19,627.88 and striking a high of 19,673.16 and a low of 19,383.13, while Nifty closed down by 36.35 points or 0.62% at 5,872.60, after opening up by 21.85 points or 0.37% at 5,930.80 and touching a high of 5,914.90 and a low of 5,816.00 in the day.
Sectoral wise, barring Consumer Durables index spurted up by 2.49% and IT index ended up by 0.25%, all other indices closed negative. Real-Estate index led the list of losers by dropping down by 2.81% followed by Bank and Oil & Gas indices declining by 1.67% and 1.18% each, Auto fell by 0.80%, Capital Goods and Metal down by 0.59% and 0.56%, PSU declining by 0.40%, Power fell by 0.38% and Healthcare tad down by 0.06%, while FMCG index ended the day flat. In broader markets, Mid-cap and Small-cap indices declined in line with index down by 0.62% and 0.84% each.
Major stock gainers were, Mahindra & Mahindra surged up by 1.48%, Tata Power Company gaining up by 1.19%, Hero MotoCorp advanced up by 0.73%, Wipro Limited up by 0.57%, Hindustan Unilever up by 0.49%, Sun Pharmaceuticals and Dr Reddys Laboratories gained up by 0.34%-0.32% each, Infosys up by 0.31%, HDFC and State Bank of India gained up by 0.29%-0.26%, Coal India Limited up by 0.25% and Tata Consultancy Service gained up by 0.19%.
Major stock losers were, ICICI Bank dropped down by 3.93%, Tata Motors declined by 3.27%, Gail (India) fell by 2.60%, Reliance Industries Limited down by 1.96%, HDFC Bank Limited down by 1.67%, Bharti Airtel fell by 1.25%, Larsen & Toubro and Maruti Suzuki fell by 1.09% each, Jindal Steel & Power Limited and Tata Steel Limited fell by 0.92% and 0.77%, NTPC, BHEL, Hindalco Industries, Cipla Limited and ONG declined between 0.70-0.20% each, Sterlite Industries and Bajaj Auto down by 0.15%-0.11% and ITC tad down by 0.05%.
Wipro Limited, Infosys and Tata Consultancy Services and gained up by 0.57, 0.31 and 0.19% on back of encouraging economic data from US. Motilal Oswal, the brokerage firm, believes that Infosys 3QFY13 may be the first quarter of company's growth of a visible momentum and there is further upside movement from the current levels. It has suggested as "buy" call for Infosys.
Siti Cable Network, Den Network, Hathway Cable and Datacom surted up between 4-8% each, as TV broadcasters and multi-system operators (MSOs) are gearing up to meet the deadline for mandatory switching from analogue to digital services in the National Capital Region and another 30-odd cities nationwide.
ICICI Bank dipped down by 3.93% on reports that tha goverment is investigating the allegations of money laundering practices, earlier in noon deal the stock has dipped almost by 5% on back of heavy volumes.
Reliance Industries dropped down by 1.96%, as Kotak Institutional Equities maintains its "reduce" rating in Reliance Industries Limited, stating that investors are over-estimating the impact from a potential gas price hike and the value creation from its capital spending plans.
Overall market breadth was firm negative with 1,754 shares declined compared to 1,114 shares advanced, while 122 shares remained unchanged.
Markets closed lower, amid profit booking in index heavy weight.
Markets closed lower after opening firm in the morning, amid profit booking in index heavy weights ans rate sensitive sector shares. Weak global cues also lend a hand dragging markets down. Sensex closed down by 142.88 points or 0.73% at 19,427.56, after opening up by 56.94 points or 0.29% at 19,627.88 and striking a high of 19,673.16 and a low of 19,383.13, while Nifty closed down by 36.35 points or 0.62% at 5,872.60, after opening up by 21.85 points or 0.37% at 5,930.80 and touching a high of 5,914.90 and a low of 5,816.00 in the day.
Sectoral wise, barring Consumer Durables index spurted up by 2.49% and IT index ended up by 0.25%, all other indices closed negative. Real-Estate index led the list of losers by dropping down by 2.81% followed by Bank and Oil & Gas indices declining by 1.67% and 1.18% each, Auto fell by 0.80%, Capital Goods and Metal down by 0.59% and 0.56%, PSU declining by 0.40%, Power fell by 0.38% and Healthcare tad down by 0.06%, while FMCG index ended the day flat. In broader markets, Mid-cap and Small-cap indices declined in line with index down by 0.62% and 0.84% each.
Major stock gainers were, Mahindra & Mahindra surged up by 1.48%, Tata Power Company gaining up by 1.19%, Hero MotoCorp advanced up by 0.73%, Wipro Limited up by 0.57%, Hindustan Unilever up by 0.49%, Sun Pharmaceuticals and Dr Reddys Laboratories gained up by 0.34%-0.32% each, Infosys up by 0.31%, HDFC and State Bank of India gained up by 0.29%-0.26%, Coal India Limited up by 0.25% and Tata Consultancy Service gained up by 0.19%.
Major stock losers were, ICICI Bank dropped down by 3.93%, Tata Motors declined by 3.27%, Gail (India) fell by 2.60%, Reliance Industries Limited down by 1.96%, HDFC Bank Limited down by 1.67%, Bharti Airtel fell by 1.25%, Larsen & Toubro and Maruti Suzuki fell by 1.09% each, Jindal Steel & Power Limited and Tata Steel Limited fell by 0.92% and 0.77%, NTPC, BHEL, Hindalco Industries, Cipla Limited and ONG declined between 0.70-0.20% each, Sterlite Industries and Bajaj Auto down by 0.15%-0.11% and ITC tad down by 0.05%.
Wipro Limited, Infosys and Tata Consultancy Services and gained up by 0.57, 0.31 and 0.19% on back of encouraging economic data from US. Motilal Oswal, the brokerage firm, believes that Infosys 3QFY13 may be the first quarter of company's growth of a visible momentum and there is further upside movement from the current levels. It has suggested as "buy" call for Infosys.
Siti Cable Network, Den Network, Hathway Cable and Datacom surted up between 4-8% each, as TV broadcasters and multi-system operators (MSOs) are gearing up to meet the deadline for mandatory switching from analogue to digital services in the National Capital Region and another 30-odd cities nationwide.
ICICI Bank dipped down by 3.93% on reports that tha goverment is investigating the allegations of money laundering practices, earlier in noon deal the stock has dipped almost by 5% on back of heavy volumes.
Reliance Industries dropped down by 1.96%, as Kotak Institutional Equities maintains its "reduce" rating in Reliance Industries Limited, stating that investors are over-estimating the impact from a potential gas price hike and the value creation from its capital spending plans.
Overall market breadth was firm negative with 1,754 shares declined compared to 1,114 shares advanced, while 122 shares remained unchanged.
