In spite of an expected positive start, Indian markets succumbed to intense selling towards the last hour of trade, recording its fifth straight negative closing. Worries that the government will be forced to call early elections or see its reform agenda weakened after DMK withdrew support from the ruling coalition on Tuesday spooked sentiments. However, fag-end selling was triggered by weak opening of the European markets.
The 30-share BSE Sensex lost 91.32 points to end the day’s trading at 18792.87. The Sensex hit to a day's high of 19082.29 and a fell to a day's low of 18756.65. It opened at 18926.21. The broader indices, NSE Nifty lost 35.65 points, to end the day’s trading at 5658.75. The 50-share Nifty touched a day's high of 5757.75 and fell to a day's low of 5647.95. It opened at 5705.90.
Of the 50-share Nifty pack 13 stocks ended with gains while the rest 37 stocks closed with losses. The top 5 gainers among NSE stocks are: Bharti Airtel surging by 6.37 %, followed by ICICI Bank (3.37 %), HDFC (2.24 %), Jindal Steel (1.18 %) and Wipro (1.12 %). The top 5 losers among NSE socks are: J P Associate (6.51 %), Reliance Infra (6.17 %), BoB (5.23 %), Bajaj Auto (4.60 %) and Tata Motors (4.22 %).
Of the 30 shares of BSE index components, 11 stocks ended in positive terrain, while the rest 19 stocks closed in negative zone. The top 5 gainer in BSE Sensex stocks are: Bharti Airtel surging by 5.99 %, followed by ICICI Bank (3.35 %), HDFC (2.09 %), Jindal Steel (1.02 %) and Wipro (0.99 %).The top 5 losers of the Sensex pack were: Bajaj Auto (4.61 %) and Tata Motors (4.22 %) Tata Power (4.06 %), HDFC (3.14 %) and L&T (2.85 %).
BSE Mid Cap closed lower by 1.1 %, while BSE Small Cap index was down by 1.2 %. Among the 13 sectoral indices in BSE, ten sectors closed in the red zone and only three sectors closed in the green. Top and the 3 gainers among BSE sectoral indices are - BSE CD surging by 0.78%, BSE Teck rising by 0.60%, BSE IT up 0.27%. Top 3 losers are - BSE Realty down by 2.91%, BSE Power down by 2.38% and BSE CG down by 2.30%.
The market breadth stood in favor of the bears. Of the 2,987 stocks traded on the BSE, 942 (31.54%) rose, 1,926 (64.48%) fell and 119 (3.98%) stocks remained unchanged.
Asian markets were mixed today. European markets are however trading lower. US market is heading south.
So tomorrow, Indian equity market is likely to move further low. Chances of a recovery do not seem to be the market agenda as of now.
The 30-share BSE Sensex lost 91.32 points to end the day’s trading at 18792.87. The Sensex hit to a day's high of 19082.29 and a fell to a day's low of 18756.65. It opened at 18926.21. The broader indices, NSE Nifty lost 35.65 points, to end the day’s trading at 5658.75. The 50-share Nifty touched a day's high of 5757.75 and fell to a day's low of 5647.95. It opened at 5705.90.
Of the 50-share Nifty pack 13 stocks ended with gains while the rest 37 stocks closed with losses. The top 5 gainers among NSE stocks are: Bharti Airtel surging by 6.37 %, followed by ICICI Bank (3.37 %), HDFC (2.24 %), Jindal Steel (1.18 %) and Wipro (1.12 %). The top 5 losers among NSE socks are: J P Associate (6.51 %), Reliance Infra (6.17 %), BoB (5.23 %), Bajaj Auto (4.60 %) and Tata Motors (4.22 %).
Of the 30 shares of BSE index components, 11 stocks ended in positive terrain, while the rest 19 stocks closed in negative zone. The top 5 gainer in BSE Sensex stocks are: Bharti Airtel surging by 5.99 %, followed by ICICI Bank (3.35 %), HDFC (2.09 %), Jindal Steel (1.02 %) and Wipro (0.99 %).The top 5 losers of the Sensex pack were: Bajaj Auto (4.61 %) and Tata Motors (4.22 %) Tata Power (4.06 %), HDFC (3.14 %) and L&T (2.85 %).
BSE Mid Cap closed lower by 1.1 %, while BSE Small Cap index was down by 1.2 %. Among the 13 sectoral indices in BSE, ten sectors closed in the red zone and only three sectors closed in the green. Top and the 3 gainers among BSE sectoral indices are - BSE CD surging by 0.78%, BSE Teck rising by 0.60%, BSE IT up 0.27%. Top 3 losers are - BSE Realty down by 2.91%, BSE Power down by 2.38% and BSE CG down by 2.30%.
The market breadth stood in favor of the bears. Of the 2,987 stocks traded on the BSE, 942 (31.54%) rose, 1,926 (64.48%) fell and 119 (3.98%) stocks remained unchanged.
Market outlook for tomorrow
Asian markets were mixed today. European markets are however trading lower. US market is heading south.
So tomorrow, Indian equity market is likely to move further low. Chances of a recovery do not seem to be the market agenda as of now.
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