The Indian equity markets started the week on a weak note with key benchmark indices closed today's trading session in the negative zone. The BSE Sensex and the NSE Nifty ended the day being lower by 0.38 percent and 0.37 percent respectively. Trading was highly lackluster and there was a sense of caution among investors and punters as well. As predicted, earlier in the day, no one was ready to take long position.
The benchmark BSE Sensex fell by 72.83 points, to end at 19244.42. It had earlier touched a day's high of 19346 and a day's low of 19221. It opened at 19290. While the broader NSE Nifty was lower by 21.70 points, to end at 5857.90. It earlier touched a day’s high of 5886 and a day’s low of 5850. It opened at 5860. The BSE Midcap Index was up by 0.59% and BSE Smallcap Index rose by 0.46%.
The Indian equities ended today's trade with minor losses as investors booked profits at higher levels. Investors remained on the sidelines today ahead of the Reserve Bank of India's policy announcement tomorrow amid fears that the central bank may maintain status-quo and wait until January before cutting interest rates. Negative trend in most of the Asian markets and weak opening of European market was also acted as sentiment dampener.
However, the market breadth stood in favor of advances, showing the inherent strength in the market. Of the 3028 stocks traded on the BSE, 1540 (50.86%) rose, 1350 (44.58%) fell and 138 (4.56%) stocks remained unchanged. Among the 13 sectoral indices seven sectors closed in green zone while remaining six sectors closed in red zone. BSE Metal rose by 1.76%, BSE Auto surged by 0.67%, BSE HC gained by 0.43%. While BSE TECH was down by 1.32%, BSE IT fell by 1.22%, BSE FMCG was down by 0.52%.
Tata Power, Maruti Suzuki, Dr Reddys Lab, Tata Steel, Sun Pharma, ICICI Bank, HUL, NTPC, Bajaj Auto, Cipla, Sterlite Industries were among gainers in Sensex and Nifty. While RIL, Infosys, TCS, Wipro, Coal India, ONGC, HDFC Bank, HDFC and BHEL were among losers in Sensex and Nifty.
The benchmark BSE Sensex fell by 72.83 points, to end at 19244.42. It had earlier touched a day's high of 19346 and a day's low of 19221. It opened at 19290. While the broader NSE Nifty was lower by 21.70 points, to end at 5857.90. It earlier touched a day’s high of 5886 and a day’s low of 5850. It opened at 5860. The BSE Midcap Index was up by 0.59% and BSE Smallcap Index rose by 0.46%.
The Indian equities ended today's trade with minor losses as investors booked profits at higher levels. Investors remained on the sidelines today ahead of the Reserve Bank of India's policy announcement tomorrow amid fears that the central bank may maintain status-quo and wait until January before cutting interest rates. Negative trend in most of the Asian markets and weak opening of European market was also acted as sentiment dampener.
However, the market breadth stood in favor of advances, showing the inherent strength in the market. Of the 3028 stocks traded on the BSE, 1540 (50.86%) rose, 1350 (44.58%) fell and 138 (4.56%) stocks remained unchanged. Among the 13 sectoral indices seven sectors closed in green zone while remaining six sectors closed in red zone. BSE Metal rose by 1.76%, BSE Auto surged by 0.67%, BSE HC gained by 0.43%. While BSE TECH was down by 1.32%, BSE IT fell by 1.22%, BSE FMCG was down by 0.52%.
Tata Power, Maruti Suzuki, Dr Reddys Lab, Tata Steel, Sun Pharma, ICICI Bank, HUL, NTPC, Bajaj Auto, Cipla, Sterlite Industries were among gainers in Sensex and Nifty. While RIL, Infosys, TCS, Wipro, Coal India, ONGC, HDFC Bank, HDFC and BHEL were among losers in Sensex and Nifty.
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