Benchmark Indices Slipped Due To Weak Economic Data

The benchmark indices Sensex and Nifty opened on the negative note and ended on the lower note in today's trade. Markets witnessed heavy profit booking in today's trade. The 30-share Sensex closed down by 244 points and 50-share Nifty was down by 63 points. Both the benchmark indices have hit the lowest levels on account of weak IIP data which was released on Friday. The overall market breadth on BSE was negative as 1049 shares declined while 880 shares advanced. However the BSE mid-cap and small-cap data closed on a positive note. BSE mid-cap index was up by 0.18% while small-cap index was up by 0.71%.

Tracking the momentum of the sectoral indices, all the indices ended on a negative note. However, BSE Healthcare and Realty indices were up by 0.41% and 0.18%. Among the top gainers, Cipla ended at all time high and was up by 2.33%, Lupin was up by 4% after the media reports that the company is in talks to sign deal with Merck Serono. Hero Motor and  PNB was up by 1.18% and 1.31% respectively. However, YES bank was down by 4.9% after RBI said FII's need RBI's nod to buy shares. The other losers in today's trade included Jindal steel, Hindalco which ended in red, down by 4.9% and 3.2% respectively.

Further a mixed trend was seen in the Asian markets. Japan's Nikkei and China's Shangai closed on a positive note, up by 0.25% and 0.31% respectively. However, Hong Kong's Hang Seng ended on a negative note, down by 0.97%.