Mid-Small Cap Crash, Nifty Ended Lower

The Indian market ended lower on Thursday led by the fall in the shares of mid and small cap companies. Nifty ended down at 6019 down by 35 points and Sensex closed at 19,923 down by 102 points. 
The advance–decline ratio ended on the negative side at the end of the day. On the NSE, 1219 shares have declined and 237 shares have advanced.

Top 5 Gainers on NSE: Hindustan Unilever ended up by 1.90% as the top gainer on NSE followed by ITC, L&T, Tata Consultancy Services and Kotak Mahindra.

Top 5 losers on NSE: Tata Motors ended the day as the top loser on NSE down by 6.26% followed Jaiprakash Associates, GAIL, Cipla and Ranbaxy.

Most sectors ended in the red. 3 out of 13 sectors ended in the green at the end of the day. FMCG and CG ended the day with gains of 0.52%-1.07%. Selling was witnessed in Realty, Power and Auto and ended down in the range of 2.40%-4.34%.

European Markets are trading mixed. CAC 40 and FTSE 100 are trading up in the range of 0.13%-0.30%. DAX is trading lower by 0.11%.

Asian market ended mixed. Nikkei 225 and Straits Times closed in the green with gains of 0.53%-1.26%. Whereas Kospi, Shanghai Composite and Hang Seng ended the day in the red.

Buzzers: Larsen and Toubro has ended the day with gains of 0.156% at 1585.50 bouncing almost by 5% from intraday low after the engineering major said that its order inflow grew by 14% YoY at Rs 19,545 crore during Q3FY13.

IVCL slipped down by 19% backed by huge volumes. The stock hammered down as reports of murder of Paulose Thomas, an expert consultant with the National Highways Authority of India surfaced. There is no concrete proof of the involvement of IVRCL in the case, investors and traders were in no mood to hold on to the stock.

Mid and Small cap companies were the culprits of today’s trade. However, Nifty is holding levels of 6000 which is a positive signal for the bears.