Unsupportive global cues, cautiousness ahead of the monthly inflation data to be released on Thursday and concerns that the Reserve Bank will not cut interest rates next week dragged the Indian markets lower, much in line of what was speculated yesterday, about today’s market. Indian equity markets began the day's proceedings on a weak note and persistent selling activity across index heavyweights in the subsequent hours pushed them further into the negative territory. There was no respite in the final trading hour either and the indices closed well below the dotted line. Weakness in most of the Asian markets and negative trends in European markets didn’t allow Indian stock market indices to tide over yesterday’s close even for once.
The 30-share BSE Sensex lost 202.37 points to end the day’s trading at 19362.55. The Sensex hit to a day's high of 19511.97 and a fell to a day's low of 19338.52. It opened at 19511.97. The broader indices, NSE Nifty lost 62.90 points, to end the day’s trading at 5851.20. The 50-share Nifty touched a day's high of 5893.85 and fell to a day's low of 5842.25. It opened at 5884.80.
Of the 50-share Nifty pack 11 stocks ended with gains while the rest 39 stocks closed with loses. The top 5 gainers among NSE stocks are: Sun Pharma surging by 1.21 %, followed by ITC (0.94 %), Bharti Airtel (0.87 %), Asian Paint (0.81 %) and HCL Tech (0.67 %). The top 5 losers among NSE socks are: Hindalco (3.67 %), ICICI Bank (3.33 %), Jindal Steel (3.19 %), Bajaj Auto (3.10 %) and Maruti (3.02 %).
Of the 30 shares of BSE index components, 8 stocks ended in positive terrain, while the rest 22 stocks closed in negative zone. The top 5 gainer in BSE Sensex stocks are: Sun harma surging by 1.25 %, followed by ITC (0.89 %), Bharti Airtel (0.76 %), HUL (0.59 %) and Coal India (0.14 %). The top 5 losers of the Sensex pack were: Hindalco (3.67 %), ICICI Bank (3.25 %), Bajaj Auto (3.16 %), Maruti (3.07 %) and Jindal Steel (2.84 %).
Both BSE Mid Cap and Small Cap index closed losses of around 1 percent each. Except BSE FMCG, all the other sectoral indices of BSE closed in the red zone. BSE FMCG was up by 0.50 %. Top 3 losers among the BSE sectoral index were - BSE Bankex down by 2.18%, BSE CD down by 1.57% and BSE Auto down by 1.53%.
The market breadth stood in favor of the bears. Of the 3013 stocks traded on the BSE, 992 (32.92%) rose, 1893 (62.83%) fell and 128 (4.25%) stocks remained unchanged.
Asian markets were mostly down today. Japan’s Nikkei lost 0.61 % in today’s trade, Hang Sang index in Hong Kong lost 1.46 %, China’s Shanghai Composite ended lower by 0.99 %, and KOSPI Index was however up by 0.32 %. Markets in Taiwan were only marginally up by 0.01 % today and Straits Times lost 0.44 %. Markets in Jakarta closed lower by 0.39 %.
European markets are trading mostly lower today. FTSE index in UK is trading lower by 0.45 %, the CAC index in France is down by 0.10 %, DAX index in Germany is trading up by 0.06 % and AEX Amsterdam Index is only marginally down by 0.01 %. US stock markets are trading higher after a negative start. Dow Jones Industrial Average is trading up by 0.13 %, while Nasdaq Composite Index is also trading higher by 0.13 %.
For tomorrow the market outlook for Indian market will depend much on the monthly inflation data. Even if the monthly inflation data does not beat market expectation, there is a possibility, the market may well make up for the losses it underwent in the last three trading session.
The 30-share BSE Sensex lost 202.37 points to end the day’s trading at 19362.55. The Sensex hit to a day's high of 19511.97 and a fell to a day's low of 19338.52. It opened at 19511.97. The broader indices, NSE Nifty lost 62.90 points, to end the day’s trading at 5851.20. The 50-share Nifty touched a day's high of 5893.85 and fell to a day's low of 5842.25. It opened at 5884.80.
Of the 50-share Nifty pack 11 stocks ended with gains while the rest 39 stocks closed with loses. The top 5 gainers among NSE stocks are: Sun Pharma surging by 1.21 %, followed by ITC (0.94 %), Bharti Airtel (0.87 %), Asian Paint (0.81 %) and HCL Tech (0.67 %). The top 5 losers among NSE socks are: Hindalco (3.67 %), ICICI Bank (3.33 %), Jindal Steel (3.19 %), Bajaj Auto (3.10 %) and Maruti (3.02 %).
Of the 30 shares of BSE index components, 8 stocks ended in positive terrain, while the rest 22 stocks closed in negative zone. The top 5 gainer in BSE Sensex stocks are: Sun harma surging by 1.25 %, followed by ITC (0.89 %), Bharti Airtel (0.76 %), HUL (0.59 %) and Coal India (0.14 %). The top 5 losers of the Sensex pack were: Hindalco (3.67 %), ICICI Bank (3.25 %), Bajaj Auto (3.16 %), Maruti (3.07 %) and Jindal Steel (2.84 %).
Both BSE Mid Cap and Small Cap index closed losses of around 1 percent each. Except BSE FMCG, all the other sectoral indices of BSE closed in the red zone. BSE FMCG was up by 0.50 %. Top 3 losers among the BSE sectoral index were - BSE Bankex down by 2.18%, BSE CD down by 1.57% and BSE Auto down by 1.53%.
The market breadth stood in favor of the bears. Of the 3013 stocks traded on the BSE, 992 (32.92%) rose, 1893 (62.83%) fell and 128 (4.25%) stocks remained unchanged.
Market outlook for tomorrow
Asian markets were mostly down today. Japan’s Nikkei lost 0.61 % in today’s trade, Hang Sang index in Hong Kong lost 1.46 %, China’s Shanghai Composite ended lower by 0.99 %, and KOSPI Index was however up by 0.32 %. Markets in Taiwan were only marginally up by 0.01 % today and Straits Times lost 0.44 %. Markets in Jakarta closed lower by 0.39 %.
European markets are trading mostly lower today. FTSE index in UK is trading lower by 0.45 %, the CAC index in France is down by 0.10 %, DAX index in Germany is trading up by 0.06 % and AEX Amsterdam Index is only marginally down by 0.01 %. US stock markets are trading higher after a negative start. Dow Jones Industrial Average is trading up by 0.13 %, while Nasdaq Composite Index is also trading higher by 0.13 %.
For tomorrow the market outlook for Indian market will depend much on the monthly inflation data. Even if the monthly inflation data does not beat market expectation, there is a possibility, the market may well make up for the losses it underwent in the last three trading session.
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