Benchmark share indices ended lower on Wednesday weighed down by selling pressure in bank shares on concerns of rising non performing assets in wake of the economic slowdown. Selling in metal and capital goods shares also dampened market sentiment.
Markets recovered from the day lows to end higher on Thursday, following the expiry of August derivative contracts, led by financial and FMCG shares.
Markets have opened on a flat note tracking subdued global cues. The Sensex opened at 17,607, down 26 points and the 50-share Nifty has shed 7 points to open at 5,327 levels.
Benchmark share indices ended lower, amid a volatile trading session, weighed by weakness among Metal, Banks and Capital Goods shares. Weak performance of the global markets also dampened the sentiments among local investors.
Tata Motors was the top Sensex loser, down nearly 4%
The market breadth in BSE remained dismal with 1,708 shares declining and 1,084 advancing.
Sensex ended at 17,279 up 94 points or 0.55%
Markets continued to trade on a volatile note in afternoon deals, ahead of the futures and options expiry on Thursday. The Sensex is up32 points at 16,999. Nifty is up five points at 5,146.
Tata Steel was the top Sensex gainer, up nearly 3%
BSE Capital Goods and Bankex indices surged over 2% each.
Sterlite Inds was the top Sensex gainer, up over 3%
Tata Motors was the top Sensex loser, down nearly 5%
BSE Capital Goods and FMCG indices surged between 1-2%
Interest rate sensitive counters were witnessing strong buying demand on expectations that the RBI will cut interest rates
ONGC, Bank of Baroda and HDFC among top gainers
State Bank of India rallied over 5% to Rs 1,942
BSE Power, Realty, Auto and PSU indices ended almost 1% down
The market breadth in BSE ended flat with 1333 shares advancing and 1393 shares declining.
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