Selling pressure took its toll on the markets today with the Nifty closing below its psychologically important level of 5300.
Realty, metal, power and banking were the worst performers in today's session and auto and consumer durables, too, were beaten severely. Stocks of oil marketing companies have made some gains on the expectation that the government would increase the prices of petrol and diesel. FMCG, too, closed positive.
The Sensex closed at 17446, down 478 points from its previous close, and the Nifty shut shop at 5281, down 148 points.
The CNX Midcap index closed with 3.1% loss while the BSE Smallcap index was down 3.2% in today's trade. The market breadth was negative with advances at 184 against declines of 1280 on the NSE.
The top Nifty gainers were BPCL, Cipla, ITC andHUL while the biggest losers included Sesa Goa, SAIL, Hero MotoCorp and Reliance Power.
The 30-share benchmark index, BSE Sensex opened with a gain of 51.62 points or 0.29% at 17,975.19, while the broad based NSE Nifty started with a rise of 18.80 points or 0.35%, at 5,448.10.
I C I C I Bank contributed fall of 50.04 points in the Sensex. It was followed by Reliance Industries (42.63 points), Larsen & Toubro (32.04 points), State Bank Of India (20.53 points) and Tata Steel (18.79 points).
I T C contributed rise of 11.66 points in the Sensex. It was followed by Bharti Airtel (3.15 points), Hindustan Unilever (2.18 points), Sun Pharmaceutical Industries (0.81 points) and Tata Consultancy Services (1.29 points).
Major gainers in the 30-share index were Cipla (1.31%), I T C (0.86%), Bharti Airtel (0.58%), Hindustan Unilever (0.44%), and Sun PharmaceuticalIndustries (0.30%).
On the other hand, Hero Honda Motors (5.23%), Tata Steel (4.96%), HindalcoIndustries (4.91%), Jindal Steel & Power (4.78%), I C I C I Bank (3.93%), and D L F (3.88%) were the biggest losers in the Sensex.
Nifty Technical Levels for Tommorow......GO HERE
Nifty Jackpot Calls.......GO HERE
Get Free Share Market Tips, Intraday Share Market Tips, NSE Tips, Intraday Share Market Tips for Tommorow FILL 2 DAYS FREE TRIAL FORM>>
