Markets fell on Thursday, the Bombay Stock Exchange (BSE) benchmark Sensex dipped 55.34 points, or 0.36 per cent to close at 15,411.47 the Nifty index on National Stock Exchange also lost 17.55 points, or 038 per cent to close at 4,637.70.
Amongst the BSE sectoral indices, the BSE Metal index, Auto index and FMCG index added 2.95 per cent, 0.84 per cent and 0.23 per cent, respectively.
Overall market breadth remained week on BSE with 962 advances, 1,773 declines and rest of the scrips remained neutral out of 2,792.
Among the 30 members from the Sensex pack, on 12 stocks advanced. Hindalco (up 7.92 per cent), Mahindra & Mahindra (up 6.18 per cent), Sterlite (up 5.82 per cent) and HDFC Bank (up 3.85 per cent) were remained the top gainers.
Markets @ 12.00 PM (PTI)
In volatile trading, the Bombay Stock Exchange benchmark Sensex wiped-off early losses to quote higher by nearly 102 points at noon today on revival of buying after lower inflation data.
The Sensex, which lost nearly 90 points in the opening session, bounced back to trader higher 101.93 points at 15.568.74, with heavy-weights like Tata Steel and HDFC Bank recording fresh gains.
The wide-based National Stock Exchange index Nifty rose by 24.30 points to 4,679.25.
Marketmen said the buying activity picked up soon after the inflation data showed a drop at 0.13 per cent for the week ended May 30, against 0.48 per cent the previous week.
Markets @ 10.30 AM (Reuters)
The Bombay Stock Exchange benchmark Sensex on Thursday opened over 90 points down, after remaining in the positive zone for two straight sessions, as funds and investors indulged in booking profits at higher levels amid a weak trend in the global markets.
The Sensex, which had surged over 800 points in the past two sessions, fell by 90.79 points to 15,376.02 in the first five minutes of trade. The 30-share barometer, however, had surged to 15,568.74 points at the outset.
The wide-based National Stock Exchange index Nifty was down 23 points at 4,632.25 points.
Stock brokers said emergence of profit-taking by funds and retail investors after Sensex surged to a near 10-month high, mainly cut short the rally on the bourses.
Selling was mainly seen in realty, IT, oil and gas and capital goods sector stocks, which had rallied many folds in the recent run-up.
Among major losers were, Reliance Industries down 0.66% at Rs2,305, Reliance Infra 0.64% at Rs1,210.25, Infosys 2.12% to Rs1,765, Wipro 2.94% at Rs420 and DLF 2.12% to Rs387.30, ACC 1.71% at Rs882, BHEL by 1.45% at Rs2,318.80 and ONGC by 1.77% at Rs1,144.
Meanwhile, Hong Kong’s Hang Seng slipped 0.33%, and Japan’s Nikkei shed 0.05% after cracking 10,000 points in morning trade today, the first time in eight months.
