Weakeness in global indices made the investors jittery and triggered a sell-off in the domestic market. The market opened on a bearish note at 15,030, down 182 points from the yesterday's close. By mid-morning trades, the Sensex managed to recover some losses and touched intra-day high of 15,273, up 61 points. However, the index succumbed to selling in banking, reality and capital goods stocks. Some buying at lower levels towards the close saw the Sensex recover a little and end the session with losses of 119 points at 15,093, while the Nifty closed at 4,529, down 23 points.
The market breadth was weak. Of the 2,749 stocks traded on the BSE, 1,420 (51%) stocks declined, 1,238 (45%) stocks advanced and 91 (3%) stocks ended unchanged.
Most of the sectoral indices posted losses for the day. The BSE Bankex was the biggest loser and slipped 2.23% at 7,271 followed by the BSE Realty Index (down 1.31% at 5,610.83) and the BSE CG Index (down 1.05% at 12,607). However, the BSE IT gained 1.11% at 3,813.96 followed by the BSE HC Index (up 1.05% at 4,279.90). The BSE Teck and BSE FMCG Index ended with steady gains.
Among the laggards, ICICI Bank was down 3.77% at Rs710.55, HDFC Bank declined 3.69% at Rs1217.20, DLF shed 3.29% at Rs548.60, Reliance Infrastructure dropped 2.45% at Rs1,067.85, HDFC lost 2.13% at Rs2,414.10 and Hindalco fell 2% at Rs139.55. However, select heavyweights attracted decent buying support. Sterlite Industries India added 2.67% at Rs613, Infosys rose 1.34% at Rs1,625.20 and Tata Consultancy Services gained 1.20% at Rs828.05.
Over 2.44 crore Reliance Natural Resouces shares changed hands on the BSE followed by Chambal Fertilisers and Chemicals (1.13 crore shares), Nagarjuna Fertilisers and Chemicals(1.09 crore shares) and Ispat Industries(1crore shares)
The market breadth was weak. Of the 2,749 stocks traded on the BSE, 1,420 (51%) stocks declined, 1,238 (45%) stocks advanced and 91 (3%) stocks ended unchanged.
Most of the sectoral indices posted losses for the day. The BSE Bankex was the biggest loser and slipped 2.23% at 7,271 followed by the BSE Realty Index (down 1.31% at 5,610.83) and the BSE CG Index (down 1.05% at 12,607). However, the BSE IT gained 1.11% at 3,813.96 followed by the BSE HC Index (up 1.05% at 4,279.90). The BSE Teck and BSE FMCG Index ended with steady gains.
Among the laggards, ICICI Bank was down 3.77% at Rs710.55, HDFC Bank declined 3.69% at Rs1217.20, DLF shed 3.29% at Rs548.60, Reliance Infrastructure dropped 2.45% at Rs1,067.85, HDFC lost 2.13% at Rs2,414.10 and Hindalco fell 2% at Rs139.55. However, select heavyweights attracted decent buying support. Sterlite Industries India added 2.67% at Rs613, Infosys rose 1.34% at Rs1,625.20 and Tata Consultancy Services gained 1.20% at Rs828.05.
Over 2.44 crore Reliance Natural Resouces shares changed hands on the BSE followed by Chambal Fertilisers and Chemicals (1.13 crore shares), Nagarjuna Fertilisers and Chemicals(1.09 crore shares) and Ispat Industries(1crore shares)
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