After last few sessions of sluggish trade the markets saw a deep crack today and ended with some hefty losses. It was trading flat for major part of the day but saw a heavy sell off during the later part of the day. On the F&O side there were concerns of discount widening, Nifty closed with 27 points discount.
Selling was seen in scrips across indices. All the BSE sector indices closed in red, banking and oil & gas led the downtrend. Steel majors Tata Steel and SAIL closed in deep red. It was a bad day for European markets as well but most of the Asian markets ended flat.
The broader markets also ended with deep cut but the frontliners underperformed the midcap and smallcap indices. The market breadth was extremely negative and this fall has been huge volumes.
IT index which was holding in green for better part of the day gave up its gains and closed in red with moderate losses.
Sensex is down 279.08 points or 1.92% at 14255.93, and the Nifty down 86.40 points or 2.02% at 4198.25.
About 813 shares have advanced, 1688 shares declined, and 65 shares are unchanged.
The BSE Small Cap Index closed at 7,389.76 down 1.3%.
The BSE Midcap Index ended at 6,181.91 down 1.3%.
The BSE FMCG Index down 1.5% at 1,842.20. Tata Tea, Bata India, United Brewerie, ITC, Nestle closed in red.
The BSE Metal Index was down 2.2% to close at 10,414.47. Shree Precoated, SAIL, JSW Steel, Tata Steel, Sterlite Ind were among the losers.
The BSE Health Care Index was down 1.6% at 3,785.41. Glenmark, Ranbaxy Labs, Biocon, Lupin, Novartis India closed lower.
The BSE Capital Goods Index was down 1.6% at 10,981.01. Carborundum, Reliance Infra, Suzlon Energy, AIA Engineering, BHEL, BEML ended lower.
The BSE Auto Index closed at 4,868.44 down 1.9%. MICO, TVS Motor, Tata Motors, MRF, Maruti Udyog among the losers
The BSE IT Index closed at 4,872.64 down 0.3%. I-Flex Solution, Financial Tech, HCL Tech, Wipro ended weak.
The BSE Bankex was up 2.9% at 7,594.85. Oriental Bank, PNB, Canara Bank, Union Bank, Bank of India closed higher.
The BSE Oil and Gas Index closed at 7,468.53 down 3.2%. Reliance Natura, GAIL, Petronet LNG, Reliance, ONGC closed in red.
The NSE cash turnover was at Rs 10213.5 crore and the NSE F&O turnover was at Rs 40345.37 crore. The BSE cash turnover was Rs 5265.34 crore. Total market wide turnover was at Rs 55824.21 crore.
Selling was seen in scrips across indices. All the BSE sector indices closed in red, banking and oil & gas led the downtrend. Steel majors Tata Steel and SAIL closed in deep red. It was a bad day for European markets as well but most of the Asian markets ended flat.
The broader markets also ended with deep cut but the frontliners underperformed the midcap and smallcap indices. The market breadth was extremely negative and this fall has been huge volumes.
IT index which was holding in green for better part of the day gave up its gains and closed in red with moderate losses.
Sensex is down 279.08 points or 1.92% at 14255.93, and the Nifty down 86.40 points or 2.02% at 4198.25.
About 813 shares have advanced, 1688 shares declined, and 65 shares are unchanged.
The BSE Small Cap Index closed at 7,389.76 down 1.3%.
The BSE Midcap Index ended at 6,181.91 down 1.3%.
The BSE FMCG Index down 1.5% at 1,842.20. Tata Tea, Bata India, United Brewerie, ITC, Nestle closed in red.
The BSE Metal Index was down 2.2% to close at 10,414.47. Shree Precoated, SAIL, JSW Steel, Tata Steel, Sterlite Ind were among the losers.
The BSE Health Care Index was down 1.6% at 3,785.41. Glenmark, Ranbaxy Labs, Biocon, Lupin, Novartis India closed lower.
The BSE Capital Goods Index was down 1.6% at 10,981.01. Carborundum, Reliance Infra, Suzlon Energy, AIA Engineering, BHEL, BEML ended lower.
The BSE Auto Index closed at 4,868.44 down 1.9%. MICO, TVS Motor, Tata Motors, MRF, Maruti Udyog among the losers
The BSE IT Index closed at 4,872.64 down 0.3%. I-Flex Solution, Financial Tech, HCL Tech, Wipro ended weak.
The BSE Bankex was up 2.9% at 7,594.85. Oriental Bank, PNB, Canara Bank, Union Bank, Bank of India closed higher.
The BSE Oil and Gas Index closed at 7,468.53 down 3.2%. Reliance Natura, GAIL, Petronet LNG, Reliance, ONGC closed in red.
The NSE cash turnover was at Rs 10213.5 crore and the NSE F&O turnover was at Rs 40345.37 crore. The BSE cash turnover was Rs 5265.34 crore. Total market wide turnover was at Rs 55824.21 crore.
Source:moneycontrol.com
