Indian stock market fell in line with Asian and European stocks today, as the investors were rattled by a radical bailout plan for Cyprus. Though Indian equity market opened in green, shrugging off unsupportive global cues but soon slipped into red terrain. In fact the markets kept swinging between gains and losses oscillating on both sides for the entire day before closing in red for the straight sixth day. Traders also preferred to remain cautious ahead of the truncated week and F&O expiry next week. The fact that the domestic political situation is not helping economic worries that we have at present is also a reason behind this continuous down trend.
The 30-share BSE Sensex lost 57.27 points to end the day’s trading at 18735.60. The Sensex hit to a day's high of 18859.82 and a fell to a day's low of 18669.20. It opened at 18784.93. The broader indices, NSE Nifty lost 7.40 points, to end the day’s trading at 5651.35. The 50-share Nifty touched a day's high of 5691.45 and fell to a day's low of 5631.80. It opened at 5659.80.
Of the 50-share Nifty pack 23 stocks ended with gains while the rest 27 stocks closed with losses. The top 5 gainers among NSE stocks are: IDFC surging by 4.83 %, followed by Ambuja Cement (4.20 %), BoB (3.88 %), Jindal Steel (3.23 %) and Hero MotoCorp (2.24 %). The top 5 losers among NSE socks are: DLF (3.55 %), Ranbaxy (1.97 %), Tata Steel (1.83 %), SBI (1.67 %) and Sun Pharma (1.30 %).
Of the 30 shares of BSE index components, 12 stocks ended in positive terrain, while the rest 18 stocks closed in negative zone. The top 5 gainer in BSE Sensex stocks are: Bajaj Auto surging by 3.85 %, followed by Jindal Steel (3.11 %), Hero MotoCorp (2.03 %), Hindalco (1.45 %) and Tata Power (1.43 %).The top 5 losers of the Sensex pack were: SBI (1.71 %), Tata Steel (1.68 %), Sun Pharma (1.42 %), Bharti Airtel (1.28 %) and TCS (1.27 %).
BSE Mid Cap closed lower by 0.3 %, while BSE Small Cap index was down by 1.0 %. Among the 13 sectoral indices in BSE, nine sectors closed in the red zone and only four sectors closed in the green. Top 3 gainers in BSE sectoral index are - BSE Power up by 0.27 %, BSE Metal up by 0.15% and BSE CG up by 0.12 %. Top 3 losers among BSE sectoral index are - BSE CD down by 2.06 %, BSE Realty falling by 1.31 % and BSE IT down by 0.82 %.
The market breadth stood in favor of the bears. Of the 2977 stocks traded on the BSE, 984 (33.05%) rose, 1882 (63.22%) fell and 111 (3.73%) stocks remained unchanged.
Apart from the Shanghai Composite Index of China, all other Asian markets closed with heavy losses today. European markets are also trading lower. US market is however heading higher at present
The 30-share BSE Sensex lost 57.27 points to end the day’s trading at 18735.60. The Sensex hit to a day's high of 18859.82 and a fell to a day's low of 18669.20. It opened at 18784.93. The broader indices, NSE Nifty lost 7.40 points, to end the day’s trading at 5651.35. The 50-share Nifty touched a day's high of 5691.45 and fell to a day's low of 5631.80. It opened at 5659.80.
Of the 50-share Nifty pack 23 stocks ended with gains while the rest 27 stocks closed with losses. The top 5 gainers among NSE stocks are: IDFC surging by 4.83 %, followed by Ambuja Cement (4.20 %), BoB (3.88 %), Jindal Steel (3.23 %) and Hero MotoCorp (2.24 %). The top 5 losers among NSE socks are: DLF (3.55 %), Ranbaxy (1.97 %), Tata Steel (1.83 %), SBI (1.67 %) and Sun Pharma (1.30 %).
Of the 30 shares of BSE index components, 12 stocks ended in positive terrain, while the rest 18 stocks closed in negative zone. The top 5 gainer in BSE Sensex stocks are: Bajaj Auto surging by 3.85 %, followed by Jindal Steel (3.11 %), Hero MotoCorp (2.03 %), Hindalco (1.45 %) and Tata Power (1.43 %).The top 5 losers of the Sensex pack were: SBI (1.71 %), Tata Steel (1.68 %), Sun Pharma (1.42 %), Bharti Airtel (1.28 %) and TCS (1.27 %).
BSE Mid Cap closed lower by 0.3 %, while BSE Small Cap index was down by 1.0 %. Among the 13 sectoral indices in BSE, nine sectors closed in the red zone and only four sectors closed in the green. Top 3 gainers in BSE sectoral index are - BSE Power up by 0.27 %, BSE Metal up by 0.15% and BSE CG up by 0.12 %. Top 3 losers among BSE sectoral index are - BSE CD down by 2.06 %, BSE Realty falling by 1.31 % and BSE IT down by 0.82 %.
The market breadth stood in favor of the bears. Of the 2977 stocks traded on the BSE, 984 (33.05%) rose, 1882 (63.22%) fell and 111 (3.73%) stocks remained unchanged.
Apart from the Shanghai Composite Index of China, all other Asian markets closed with heavy losses today. European markets are also trading lower. US market is however heading higher at present
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