The markets closed in negative terrain, which were off the day's low as oil, auto, capital goods, FMCG and metal stocks witnessed huge selling pressure through the day. The Sensex slipped below 13,000 mark in later part of the day but managed to close above 13000 mark. It fell 84.15 points or 0.64% at 13,072.51.
The Nifty was down 21.45 points or 0.56% at 3777.30.
The BSE Midcap and Small cap were down 1.19% and 1.23% at 5,497.18 and 6,455.58, respectively.
The markets breadth was negative, about 805 shares advanced, 1687 shares declined, and 54 shares remained unchanged.
Top losers were Hero Honda (-4.07%), Bajaj Auto (-3.35%), Reliance (-2.97%), HDFC (-2.88%), BPCL (-3.34%) and Jet Airways (-3.16%).
However, SBI (2.08%), ICICI Bank (1.77%), Infosys (1.12%), Wipro (0.98%) and Suzlon Energy (2.38%) gained.
The cash segment of NSE and BSE recorded turnover at Rs 8,559.8 crore (Rs 85.59 billion) and Rs 4,320.93 crore (Rs 43.20 billion). The F&O segment of NSE registered turnover at Rs 35,120.17 crore (Rs 351.20 billion). The total turnover posted by both segment was at Rs 48,000.9 crore (Rs 480 billion).
The BSE Oil & Gas Index underperformed other indices. It was down 1.99% or 124.55 points at 6,141.06 as selling was seen in BPCL, Reliance, MRPL, IOC and Reliance Natural.
Auto stocks like TVS Motor, Amtek Auto, Hero Honda, Bajaj Auto, MRF and Exide Industries tripped. The BSE Auto Index fell 1.73% to 5,255.24.
Metal stocks including Sesa Goa, Jindal Saw, Guj NRE Coke, Sterlite Ind and Welspun Guj also ended in red. The BSE Metal Index was down 1.30% or 120.24 at 9,160.64.
The BSE FMCG Index was down 1.26% at 2,052.13 as Shaw Wallace, Colgate, McDowell, Britannia and ITC witnessed selling pressure.
Capital goods stocks like Crompton Greaves, Alstom Projects, Thermax, BEML and HEG also tumbled. So the BSE Capital Goods Index lost 1.23% at 8,676.15.
Aurobindo Pharma, Biocon, Nicholas Piramal, Dr Reddy's Labs and GSK Pharma slipped. The BSE Healthcare Index was down 0.61% at 3,707.03.
The BSE Consumer Durables Index was the major loser of the day; it was down 3.66% or 121.33 points at 3,198.04 amid selling in BPL, Titan Industries, Whirlpool, Mirc Electronic and Su-Raj Diamonds.
Markets today
Market off lows in late trade; recovery led by banking & IT stocks
Sensex down 84.15 points at 13072.51; slips below 13,000 during the day
Nifty down 21.45 points at 3377.30; swings 72 points during the day
BSE Bank Index up nearly 1%; SBI up 2.08%, ICICI Bank up 1.77%, HDFC Bank up 0.75%
BSE IT Index up 0.50%; Infosys up 1.12%, Wipro up 1%
BSE Oil & Gas Index down 2%; RIL down 3%, BPCL down 3.24%
BSE Auto Index down 1.73%; TVS Mot down 5.3%, Hero Honda down 4%, Bajaj Auto down 3.35%
CNX Midcap Index down 1%; weakness in metal pack
Jindal Saw down 4.7%, Sesa Goa down 4.13%
BSE Small-cap Index down 1.23% at 6455.58
NSE Advance Decline ratio at 2:7
Total market turnover at Rs 48000.9 crore versus Rs 40921.05 crore
On the other hand, banking stocks like SBI, ICICI Bank, UTI Bank, Allahabad Bank and Union Bank gained. The BSE Bankex closed at 6,488.04, up 0.94%.
The BSE IT Index held firm through the day due to Infosys' sponsored ADR news; it ended at 4,805.72, up 0.49%. The technology stocks like Moser Baer, Infosys, HCL Tech, Wipro and HCL Info surged.
F&O update
Turnover at Rs 35120.17 crore
Nifty Futures at 9 points premium
Ashok Leyland adds 63 lakh shares in Open Interest
RCOM adds 6 lakh shares in Open Interest
Gujarat Ambuja adds 11 lakh shares in Open Interest
HLL sheds 8 lakh shares in Open Interest
ITC ,TVS Motors add 5 lakh shares in Open Interest
IVRCL adds 4 lakh shares in Open Interest
Sail sheds 7 lakh shares in Open Interest
RIL adds 4 lakh shares in Open Interest
SRF sheds 5 lakh shares in Open Interest
Chat with market expert Pranav Sanghavi every Tuesday
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