Fall in metal, banking, FMCG, capital goods and power stocks weighed on the market on first day of the week. The 30-share BSE Sensex was trading at 16,837, down 97 points and the 50-share NSE Niftydropped 29 points to 5,055 amid volatility. ONGC too slipped into the red on the back profit booking (down nearly 1%).
Asian markets too extended their losses; Hang Seng was down 1.5% and Shanghai fell 2.5%. Straits Times, Kospi and Taiwan were down around 1%. On the home turf, the Indian rupee depreciated to 47.75 per dollar, down 0.43.
Reliance Infrastructure, L&T, DLF, Sterlite Industries, ICICI Bank and Cipla were top losers among largecaps; these stocks fell between 2% and 3%.
However, GAIL, Ranbaxy Labs, IDFC, ACC, Wipro, Bharti Airtel, Maruti Suzuki and Tata Motors gained 0.5-1.8%.
India Securities, SBI, Tata Motors, Everonn Education, Lovable Lingerie, Reliance Industries, L&T and Infosys were most active shares on exchanges.
In the midcap space, Alfa Laval shot up 15% as company will discuss about delisting in the meeting today.
Honeywell Automation, Sun Pharma Advanced, Fortis Health and ILandFS Transportation gained 4-6% while KGN Industries, Dish TV India, Simplex Infra, Puravankara Projects and Coromandel International lost 2-5%.
About 678 shares advanced as against 652 shares declined on National Stock Exchange.
No comments:
Post a Comment