The movement in Indian stock market today was much in line with yesterday’s prediction. The Indian markets opened today well above yesterday’s close on this first day of February, which also is the beginning of a new futures and option series, but failed to maintain the initial gains till the end. Steep losses in Tata Motors, Bharti Airtel and ICICI Bank today dragged the major Indian stock indices in spite of positive trends in Asian markets and strong opening of the European markets. RBI’s revised draft policy norms for restructured loans and indications of negative trend in the health of the Indian manufacturing sector had its impact on the market sentiment.
The benchmark BSE Sensex lost 113.79 points to close at three-week low of 19781.19. The Sensex however opened in positive territory at 19,907. It had earlier touched a day's high of 19966 and a day's low of 19736. The broader NSE Nifty shed 35.85 points to close at 5998.90. The Nifty also opened above yesterday’s close at 6040. It earlier touched a day’s high of 6,052 and a day’s low of 5,983.
18 company’s shares out of the 30-share Sensex finished with losses while 12 ended with gains. Tata Motors was the biggest loser in 30-share Sensex as it lost 4.36 per cent. Bharti Airtel lost 2.62 per cent, ONGC lost 2.12 per cent, Hindalco Ind lost 1.99 per cent, Sterlite Ind lost 1.71 per cent, HUL lost 1.68 per cent, ICICI Bank lost 1.67 per cent, Jindal Steel lost 1.15 per cent, SBI lost 1.10 per cent, BHEL 1.03 per cent, HDFC lost 1.02 per cent and Tata Steel lost 1.00 per cent. However, Maruti Suzuki was up by 1.65 per cent, Cipla was up by 1.58 per cent, Dr Reddy's Lab was up by 1.48 per cent, Tata Power was up by 1.43 per cent, Bajaj Auto surged by 1.26 per cent and RIL gained 0.78 per cent.
Out of the 13 BSE sectoral indices, eight sectors closed in negative zone while remaining five sectors closed in the positive zone. Top sectoral gainers were: BSE CD up by 1.77 per cent, BSE HC up by 0.78 per cent, BSE FMCG up by 0.21 per cent. Top loosing sectors were: BSE Realty down by 1.16 per cent, BSE Auto down by 0.98 per cent and BSE Bankex down by 0.79 per cent.
One very noticeable feature of today’s broader market was that unlike yesterday when the market breadth was in favour of bulls in spite of fall in the market indices, today the market breadth stood in favor of declines. Of the 2987 stocks traded on the BSE, 969 (32.44%) rose, 1179 (39.47%) fell and 839 (28.09%) stocks remained unchanged.
Foreign institutional investors (FIIs) bought shares worth a net Rs 958.93 crore yesterday, as per provisional data from the stock exchanges.
Asian markets were mostly positive today. The Hang Seng index in Hong Kong was down 0.03 % and Kospi index was down 0.21 %. However Straits Times was up 0.26%. The Shanghai index in China was up 1.41 %, Nikkei index in Japan was up 0.47% and Taiwan index also added 0.08%.
The European stock markets are trading in positive zone. FTSE index in UK was up 1.02 %, the CAC index in France was up 1.25 % and the DAX index in Germany was up by 0.74 %. Even markets in the U.S are trading in negative zone. Dow Jones Industrial Average is currently up by 0.99 %, while Nasdaq Composite Index is up by 0.76%.
The benchmark BSE Sensex lost 113.79 points to close at three-week low of 19781.19. The Sensex however opened in positive territory at 19,907. It had earlier touched a day's high of 19966 and a day's low of 19736. The broader NSE Nifty shed 35.85 points to close at 5998.90. The Nifty also opened above yesterday’s close at 6040. It earlier touched a day’s high of 6,052 and a day’s low of 5,983.
18 company’s shares out of the 30-share Sensex finished with losses while 12 ended with gains. Tata Motors was the biggest loser in 30-share Sensex as it lost 4.36 per cent. Bharti Airtel lost 2.62 per cent, ONGC lost 2.12 per cent, Hindalco Ind lost 1.99 per cent, Sterlite Ind lost 1.71 per cent, HUL lost 1.68 per cent, ICICI Bank lost 1.67 per cent, Jindal Steel lost 1.15 per cent, SBI lost 1.10 per cent, BHEL 1.03 per cent, HDFC lost 1.02 per cent and Tata Steel lost 1.00 per cent. However, Maruti Suzuki was up by 1.65 per cent, Cipla was up by 1.58 per cent, Dr Reddy's Lab was up by 1.48 per cent, Tata Power was up by 1.43 per cent, Bajaj Auto surged by 1.26 per cent and RIL gained 0.78 per cent.
Out of the 13 BSE sectoral indices, eight sectors closed in negative zone while remaining five sectors closed in the positive zone. Top sectoral gainers were: BSE CD up by 1.77 per cent, BSE HC up by 0.78 per cent, BSE FMCG up by 0.21 per cent. Top loosing sectors were: BSE Realty down by 1.16 per cent, BSE Auto down by 0.98 per cent and BSE Bankex down by 0.79 per cent.
One very noticeable feature of today’s broader market was that unlike yesterday when the market breadth was in favour of bulls in spite of fall in the market indices, today the market breadth stood in favor of declines. Of the 2987 stocks traded on the BSE, 969 (32.44%) rose, 1179 (39.47%) fell and 839 (28.09%) stocks remained unchanged.
Foreign institutional investors (FIIs) bought shares worth a net Rs 958.93 crore yesterday, as per provisional data from the stock exchanges.
Asian markets were mostly positive today. The Hang Seng index in Hong Kong was down 0.03 % and Kospi index was down 0.21 %. However Straits Times was up 0.26%. The Shanghai index in China was up 1.41 %, Nikkei index in Japan was up 0.47% and Taiwan index also added 0.08%.
The European stock markets are trading in positive zone. FTSE index in UK was up 1.02 %, the CAC index in France was up 1.25 % and the DAX index in Germany was up by 0.74 %. Even markets in the U.S are trading in negative zone. Dow Jones Industrial Average is currently up by 0.99 %, while Nasdaq Composite Index is up by 0.76%.
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