The markets were seen consolidating at the higher levels and ended the day in red amid an extremely volatile session. The markets opened strong slipped in red, bounced back again but ended in red.
It opened today on strong note today and the Nifty breached the psychological level of 6,000 reacting to 25 bps cut by US Fed. But have failed to sustain at the higher levels. Sensex was 500 points down from the day's high and Nifty was down 150 points.
GSM operators in the telecom were the worst hit in todayĺs red on news of spectrum allocation to be made more stringent. Auto, FMCG and pharma stocks also dragged the markets.
Broader markets underperformed the benchmark indices and and ended in red. This gave markets weak breadth.
Top losers on the indices were Relaince, HUL, ITC, Bharti Airtel, MTNL, VSNL Nalco, HCL Tech .
L&T, HDFC Bank, ONGC, Sterlite Ind, Reliance Petroleum, Infosys were among the top gainers on the indices.
Sensex was down 113.64 points or 0.57% at 19724.35, and the Nifty down 34.20 points or 0.58% at 5866.45.
About 1089 shares have advanced, 1900 shares declined, and 71 shares are unchanged.
The BSE Midcap Index ended at 7,966.54 down 2%.
The BSE Smallcap Index ended at 9,646.61 down 1.5%.
The BSE Bankex was up 2% at 10,851.69. Bank of India, Oriental Bank, BOB, SBI, IOB, ICICI Bank, Bank of India moved upwards.
The BSE Capital Goods Index was up 2% at 20,141.19. L&T, Jyoti Structures, ABB, BHEL closed higher.
The BSE Auto Index closed at 5,391.37 down 2%. Bharat Forge, Maruti, Escorts, MRF, Cummins, Tata Motors, Bajaj Auto closed lower.
The BSE Metal Index closed at 17,582.54 down 2%. Hindalco, Shree Precoated, NALCO, Hind Zinc, Mah Seamless closed lower.
The BSE FMCG Index closed at 2,038.20 down 4%. HUL, ITC, United Spirits, Tata Tea, United Brewerie, Colgate, HUL closed lower
BSE Oil and Gas Index closed at 11,539.84 down 1%. Essar Oil, Reliance, HPCL, GAIL ended in red.
The BSE IT Index was flat at 4,615.44. Mphasis, Patni Computer, Tech Mahindra, I-Flex Solution, TCS closed lower.
The NSE cash turnover was at Rs 28448.79 crore and the NSE F&O turnover was at Rs 99734.01 crore. The BSE cash turnover was Rs 11436.95 crore. Total market wide turnover was at Rs 139619.75 crore.
Source:moneycontrol.com
