4:30 PM
alphaadvisory
Indian equity markets opened gap down amid weak global cues. Global
markets suffered heavy sell off on the news that US Federal Reserve
could slow down its bond buying program. Markets plunged led by Metal,
Banking & Financial, Capital Goods and FMCG stocks.
Markets continued selling pressure throughout the day and made fresh low of 2013 in afternoon session tracking weak European cues. Indices ended near its low point of the day. All the sectoral indices turned in red. IT stocks also gave up morning gain after continued selling pressure.
Market breadth remained extremely bearish out of 50 Nifty stocks only 3 stocks closed in green. Midcap and Smallcap indices closed with loss of 1.64% and 1.74% respectively. Benchmark indices closed with loss of over one and half percent in today's session.
Sensex closed at 19325.36 with the loss of 317.39 points and at NSE Nifty closed at 5852.25 with the loss of 90.80 points at the end of the day. BSE MIDCAP index closed at 6607.44 with the loss of 110.37 points and BSE SMALLCAP index closed at 6557.61 with the loss of 116.11 points.
In percentage terms key losers were Jindal Steel & Power Ltd (NSE: JINDALSTEL), Tata Steel Ltd (NSE: TATASTEEL) and Jaiprakash Associates Ltd (NSE: JPASSOCIAT) while key gainer were Cipla Ltd (NSE: CIPLA), GAIL (India) Ltd (NSE: GAIL) and Bajaj Auto Ltd (NSE: BAJAJ-AUTO).
On sectoral front all the sectoral indices closed in red. Major selling was seen in Metal, Banking & Financial, Realty, Capital Goods, Oil & Gas, Power, FMCG and Auto sectors. Market breadth remained negative amid 1976 advances against 871 declining stocks.
From the perspective of weight in Nifty key losers were ICICI Bank Ltd (NSE: ICICIBANK), Reliance Industries Ltd (NSE: RELIANCE) and HDFC Bank Ltd (NSE: HDFCBANK).
Markets continued selling pressure throughout the day and made fresh low of 2013 in afternoon session tracking weak European cues. Indices ended near its low point of the day. All the sectoral indices turned in red. IT stocks also gave up morning gain after continued selling pressure.
Market breadth remained extremely bearish out of 50 Nifty stocks only 3 stocks closed in green. Midcap and Smallcap indices closed with loss of 1.64% and 1.74% respectively. Benchmark indices closed with loss of over one and half percent in today's session.
Sensex closed at 19325.36 with the loss of 317.39 points and at NSE Nifty closed at 5852.25 with the loss of 90.80 points at the end of the day. BSE MIDCAP index closed at 6607.44 with the loss of 110.37 points and BSE SMALLCAP index closed at 6557.61 with the loss of 116.11 points.
In percentage terms key losers were Jindal Steel & Power Ltd (NSE: JINDALSTEL), Tata Steel Ltd (NSE: TATASTEEL) and Jaiprakash Associates Ltd (NSE: JPASSOCIAT) while key gainer were Cipla Ltd (NSE: CIPLA), GAIL (India) Ltd (NSE: GAIL) and Bajaj Auto Ltd (NSE: BAJAJ-AUTO).
On sectoral front all the sectoral indices closed in red. Major selling was seen in Metal, Banking & Financial, Realty, Capital Goods, Oil & Gas, Power, FMCG and Auto sectors. Market breadth remained negative amid 1976 advances against 871 declining stocks.
From the perspective of weight in Nifty key losers were ICICI Bank Ltd (NSE: ICICIBANK), Reliance Industries Ltd (NSE: RELIANCE) and HDFC Bank Ltd (NSE: HDFCBANK).
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