The markets closed with a sharp cut amid a highly volatile session. It opened in red and throughout the day made attempts to move in the positive terrain but saw a heavy sell off in the final hour of trade. The fall was inline with equity markets across Asia. Although the inflation numbers came in as a good news but failed to keep markets up.
Inflation numbers for week ended May 26 at 4.85% versus 5.06%; market estimated 5.05%. It is much below market expectation and has dropped to 43 week low.
The broader also closed in red but the cut was not as deep as it was in the frontline indices. Selling pressure was seen in scrips across sectors. Metal, auto and FMCG stocks were among the major losers.
The only index to close in green was BSE IT index, it was up over 0.5%.
Even on weekly basis the markets had a bumpy ride with Sensex down 3.5% or 500 points and Nifty down 3.5% or 150 points.
Sensex was down 122.37 points or 0.86% at 14063.81, and the Nifty down 34.50 points or 0.83% at 4145.
About 931 shares have advanced, 1450 shares declined, and 73 shares are unchanged.
The BSE Small Cap Index closed at 7,342.59 down 48 points or 0.7%.
The BSE Midcap Index ended at 6,156.22 down 32 points or 0.51%.
The BSE FMCG Index wad down 1.8% at 1,779.10. ITC, Bata India, Godrej Consumer, United Spirits, Tata Tea closed in red.
The BSE Metal Index closed at 10,242.72 down 1.8%. Tata Steel, SAIL, Shree Precoated, JindalStainless, Jindal Steel were among the losers.
The BSE Bankex was down 1% at 7,441.25. Oriental Bank, Federal Bank, Kotak Mahindra, Centurion BoP, HDFC Bank, Bank of India moved downwards.
The BSE Health Care Index ended lower by 0.8% at 3,741.15. Dr Reddys Labs, Ranbaxy Labs, Aventis Pharma, Glenmark, Novartis India closed lower.
The BSE Capital Goods Index was down 1.1 at 10,841.37. SKF India, Gammon India, Suzlon Energy, BHEL, AIA Engineering ended lower
The BSE Auto Index closed at 4,700.71 down 2.3%. MICO, Maruti Udyog, TVS Motor, Tata Motors, Escorts were among the losers.
The BSE IT Index closed at 4,986.81 up 0.6%. Satyam, Financial Tech, TCS, HCL Tech, Wipro were among the gainers.
The BSE Oil and Gas Index closed at 7,372.05 down 0.3%. BPCL, HPCL, IOC, Reliance Natura ended in red.
The NSE cash turnover was at Rs 10558.93 crore and the NSE F&O turnover was at Rs 41842.93 crore. The BSE cash turnover was Rs 4599.09 crore. Total market wide turnover was at Rs 57000.95 crore.
Inflation numbers for week ended May 26 at 4.85% versus 5.06%; market estimated 5.05%. It is much below market expectation and has dropped to 43 week low.
The broader also closed in red but the cut was not as deep as it was in the frontline indices. Selling pressure was seen in scrips across sectors. Metal, auto and FMCG stocks were among the major losers.
The only index to close in green was BSE IT index, it was up over 0.5%.
Even on weekly basis the markets had a bumpy ride with Sensex down 3.5% or 500 points and Nifty down 3.5% or 150 points.
Sensex was down 122.37 points or 0.86% at 14063.81, and the Nifty down 34.50 points or 0.83% at 4145.
About 931 shares have advanced, 1450 shares declined, and 73 shares are unchanged.
The BSE Small Cap Index closed at 7,342.59 down 48 points or 0.7%.
The BSE Midcap Index ended at 6,156.22 down 32 points or 0.51%.
The BSE FMCG Index wad down 1.8% at 1,779.10. ITC, Bata India, Godrej Consumer, United Spirits, Tata Tea closed in red.
The BSE Metal Index closed at 10,242.72 down 1.8%. Tata Steel, SAIL, Shree Precoated, JindalStainless, Jindal Steel were among the losers.
The BSE Bankex was down 1% at 7,441.25. Oriental Bank, Federal Bank, Kotak Mahindra, Centurion BoP, HDFC Bank, Bank of India moved downwards.
The BSE Health Care Index ended lower by 0.8% at 3,741.15. Dr Reddys Labs, Ranbaxy Labs, Aventis Pharma, Glenmark, Novartis India closed lower.
The BSE Capital Goods Index was down 1.1 at 10,841.37. SKF India, Gammon India, Suzlon Energy, BHEL, AIA Engineering ended lower
The BSE Auto Index closed at 4,700.71 down 2.3%. MICO, Maruti Udyog, TVS Motor, Tata Motors, Escorts were among the losers.
The BSE IT Index closed at 4,986.81 up 0.6%. Satyam, Financial Tech, TCS, HCL Tech, Wipro were among the gainers.
The BSE Oil and Gas Index closed at 7,372.05 down 0.3%. BPCL, HPCL, IOC, Reliance Natura ended in red.
The NSE cash turnover was at Rs 10558.93 crore and the NSE F&O turnover was at Rs 41842.93 crore. The BSE cash turnover was Rs 4599.09 crore. Total market wide turnover was at Rs 57000.95 crore.
