Thursday’s session turned out to be extremely choppy session of trade at Dalal Street, whereby benchmark equity indices altering between green and red terrain, finally settled in the favour of latter with loss of around quarter of a percent, which took Sensex and Nifty below the psychological 25,650 and 7,650 levels respectively. Nevertheless, broader indices suffering brutal selling pressure, ended with bigger losses of over half a percent. In the extremely choppy session of trade, selling which came during late hours of trade mainly led to second consecutive down-session of performance, otherwise recovery which crept in the second half of trading session hinted of a positive session of trade.
Markets failed to drew solace from FDI in Railways development, which though fired up railway stocks, but failed to excite benchmark equity indices at Dalal Street. Railway related stocks such as Texmaco, Kalindee Rail, Titagarh Wagons, Astra Microwave Products, and Bharat Electronics were locked in upper circuit after the Union Cabinet hiked FDI ceiling to 49% ensuring control in Indian hands, for boosting country’s defence sector which imports up to 70% of its military hardware. Sectorally, Information Technology, Technology and Infrastructure counters were the weak spells of trade, while that from Consumer Durables, Oil and Gas and PSU counters were the top gainers of the session. Depreciation of Rupee mainly worked for IT and Technology counters. The market breadth on the BSE remained in the favour of decliners; advances and declining stocks were in a ratio of 1,320:1,616, while 116 scrips remained unchanged. (Provisional)
The BSE Sensex declined 76.26 points or 0.30% to settle at 25589.01. The index touched a high and a low of 25778.05 and 25526.05 respectively. 16 stocks gained against 14 declines on the index. (Provisional)
The BSE Mid cap and Small cap indices too ended in the red, the BSE Midcap was down by 0.55%, while the BSE Small cap index was lower by 0.53%. (Provisional)
On the BSE sectoral front, Consumer Durables up by 0.75%, Oil and Gas up by 0.46% and PSU up by 0.27% were the major gainers in the space, while IT down 1.27%, TECk down 1.14%, Infrastructure was down 0.55%, Realty down 0.34% and Power down by 0.31% were the top losers on the sectoral space. (Provisional)
The top gainers on the Sensex were Tata Steel up by 1.08%, Maruti Suzuki up by 0.80%, ONGC up by 0.69%, BHEL up by 0.61% and SBI was up by 0.61%. On the flip side, Infosys down by 1.87%, TCS down by 1.45%, Hindalco down by 1.33%, SSLT down by 1.32% and Tata Motors down by 0.97% were the major losers. (Provisional)
India VIX, a gauge for markets short term expectation of volatility declined 1.11% at 14.13 from its previous close of 14.29 on Wednesday. (Provisional)
The CNX Nifty ended lower by 20.35 points or 0.27% to settle at 7,651.70. The index touched high and low of 7,708.95 and 7,630.40 respectively. 28 stocks ended in the green against 22 stocks ending in red. (Provisional)
The major gainers of the Nifty were ACC up by 2.97%, Jindal Steel up by 2.82%, Tata Steel up by 1.11%, Kotak Bank up by 0.91% and BHEL was up by 0.89%. On the flip side, the key losers were PNB down by 2.62%, Infosys down by 2.12%, HCL Tech down by 1.82%, Bank of Baroda down by 1.64% and SSLT down by 1.56%. (Provisional)
Markets failed to drew solace from FDI in Railways development, which though fired up railway stocks, but failed to excite benchmark equity indices at Dalal Street. Railway related stocks such as Texmaco, Kalindee Rail, Titagarh Wagons, Astra Microwave Products, and Bharat Electronics were locked in upper circuit after the Union Cabinet hiked FDI ceiling to 49% ensuring control in Indian hands, for boosting country’s defence sector which imports up to 70% of its military hardware. Sectorally, Information Technology, Technology and Infrastructure counters were the weak spells of trade, while that from Consumer Durables, Oil and Gas and PSU counters were the top gainers of the session. Depreciation of Rupee mainly worked for IT and Technology counters. The market breadth on the BSE remained in the favour of decliners; advances and declining stocks were in a ratio of 1,320:1,616, while 116 scrips remained unchanged. (Provisional)
The BSE Sensex declined 76.26 points or 0.30% to settle at 25589.01. The index touched a high and a low of 25778.05 and 25526.05 respectively. 16 stocks gained against 14 declines on the index. (Provisional)
The BSE Mid cap and Small cap indices too ended in the red, the BSE Midcap was down by 0.55%, while the BSE Small cap index was lower by 0.53%. (Provisional)
On the BSE sectoral front, Consumer Durables up by 0.75%, Oil and Gas up by 0.46% and PSU up by 0.27% were the major gainers in the space, while IT down 1.27%, TECk down 1.14%, Infrastructure was down 0.55%, Realty down 0.34% and Power down by 0.31% were the top losers on the sectoral space. (Provisional)
The top gainers on the Sensex were Tata Steel up by 1.08%, Maruti Suzuki up by 0.80%, ONGC up by 0.69%, BHEL up by 0.61% and SBI was up by 0.61%. On the flip side, Infosys down by 1.87%, TCS down by 1.45%, Hindalco down by 1.33%, SSLT down by 1.32% and Tata Motors down by 0.97% were the major losers. (Provisional)
India VIX, a gauge for markets short term expectation of volatility declined 1.11% at 14.13 from its previous close of 14.29 on Wednesday. (Provisional)
The CNX Nifty ended lower by 20.35 points or 0.27% to settle at 7,651.70. The index touched high and low of 7,708.95 and 7,630.40 respectively. 28 stocks ended in the green against 22 stocks ending in red. (Provisional)
The major gainers of the Nifty were ACC up by 2.97%, Jindal Steel up by 2.82%, Tata Steel up by 1.11%, Kotak Bank up by 0.91% and BHEL was up by 0.89%. On the flip side, the key losers were PNB down by 2.62%, Infosys down by 2.12%, HCL Tech down by 1.82%, Bank of Baroda down by 1.64% and SSLT down by 1.56%. (Provisional)
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