The market makes a turnaround towards the end of the session by paring most of its initial losses as the buying intensified across the heavy weight sectoral indices scrips. The market opened on a positive note but all of a sudden lost the momentum and fell as the selling intensified. The Sensex covers an intraday high of 18,744.55 and low of 18,182.83 . The banking and auto indices remained in the limelight as most buying is seen in these scrips. Finally, BSE Sensex closed little lower by 76.30 points at 18,526.32 and NSE Nifty dropped by 41.7 points to close at 5519.35. Overall, the market breadth was weak as 1,965 stocks are closed lower while 805 are closed higher. Both BSE Mid cap and Small cap fell by 127 points and 204.36 points at 8,090.84 and 10,060.87 respectively.
BSE bankex index grew by 178.53 points to close at 10,406.24. Pushing it up are PNB (9.44%), SBI (4.04%), Kotak bank (3.27%), Federal bank (2.60%), ICICI bank (2.16%).
BSE Auto index closed up by 8.31 points at 5,179.16 as Bajaj Auto (2.08%), Maruti Suzuki (1.65%), Tata Motors (0.80%) and M&M (0.49%) closed in green.
BSE Capital Goods index closed with a heavy loss of 487.60 points at 18,815.18. Pulling it down are L&T (4.06%), Areva (3.61%), Havell (3.08%), BHEL (1%), ABB (0.60%)
BSE Metal index declined by 208.47 points to closed at 16,045.12. Scrips that fell are Ispat inds (7.98%), Jindal saw (5.79%), Sterlite (5.09%), Jindal stainless (4.08%) and Nalco (3.47%) closed lower.
BSE oil & gas index dropped by 38.92 points to close at 11,692.07 as Aban offshore (3.34%), ONGC (3.61%), Essar oil (2.23%) and IOCL (1.71%) closed in red.
BSE Power index fell by 95.44 points to close at 4,151.07 as reliance energy (5.18%), torrent power by (4.64%), NTPC (4.99%), CESC (4.10%), Power grid (3.44%) closed in negative.
BSE IT index closed lower by 27.76 points at 3,959.90 as Karut net (8.85%), Rolta India (5.10%), Finance tech (3.96%), Iflex (3.93%) and Infosys (1.05%) closed lower.
BSE bankex index grew by 178.53 points to close at 10,406.24. Pushing it up are PNB (9.44%), SBI (4.04%), Kotak bank (3.27%), Federal bank (2.60%), ICICI bank (2.16%).
BSE Auto index closed up by 8.31 points at 5,179.16 as Bajaj Auto (2.08%), Maruti Suzuki (1.65%), Tata Motors (0.80%) and M&M (0.49%) closed in green.
BSE Capital Goods index closed with a heavy loss of 487.60 points at 18,815.18. Pulling it down are L&T (4.06%), Areva (3.61%), Havell (3.08%), BHEL (1%), ABB (0.60%)
BSE Metal index declined by 208.47 points to closed at 16,045.12. Scrips that fell are Ispat inds (7.98%), Jindal saw (5.79%), Sterlite (5.09%), Jindal stainless (4.08%) and Nalco (3.47%) closed lower.
BSE oil & gas index dropped by 38.92 points to close at 11,692.07 as Aban offshore (3.34%), ONGC (3.61%), Essar oil (2.23%) and IOCL (1.71%) closed in red.
BSE Power index fell by 95.44 points to close at 4,151.07 as reliance energy (5.18%), torrent power by (4.64%), NTPC (4.99%), CESC (4.10%), Power grid (3.44%) closed in negative.
BSE IT index closed lower by 27.76 points at 3,959.90 as Karut net (8.85%), Rolta India (5.10%), Finance tech (3.96%), Iflex (3.93%) and Infosys (1.05%) closed lower.
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