Markets Closes Negative On Expiry
Suparna / 31 Jan 2013
The Indian markets knock down in the post noon session after moving in a narrow band in the morning session on Thursday, as traders and investors booked profit in financials. At the end of the day, Nifty closed down by 21 points at 6034 and Sensex closed at 19,894.98 down by 110 points. Both indices ended down in the range of 0.35% to 0.55%.
The advance-decline ratio ended on a negative zone at the end of day. On NSE, 765 shares ended in red and 653 ended in green.
Top 5 NSE Gainers: Punjab National Bank extends it morning gain and ends the day as top gainer on NSE with gains of 9.41% followed by Bank of Baroda, BHEL, DLF and Ambuja Cement.
Top 5 NSE Losers: Tata Power ends the day as the top loser on NSE down by 2.22% and is followed by HDFC Bank, ICICI Bank, Ranbaxy and Bharti Airtel.
6 out of 13 sectors ended in green. Realty and PSU were top gainers amongst the sector and ended up in the range of 1.15%-1.5%. Bankex and IT saw a profit booking and ended the day in red, lower in e range of 0.30%-0.47%.
The European markets have slid down. CAC 40 is trading down by 0.61% followed by FTSE 100 and DAX trading lower in the range of 0.33%-0.39%.
Their Asian peer closed mixed. Nikkei 225, Taiwan Weighted and China’s Shanghai Composite ended in green in the range of 0.12%-0.22%. Hang Seng and KOSPI ended in red.
Buzzers: Colgate-Palmolive dipped more than 2% in today’s trading session and ended at Rs 1350 after reporting a 4% YoY drop in net profit at Rs 111 crore for Q3 due to higher advertisement expenses. The company has for the first time in the past five quarters reported a negative growth.
Siemens vault ended at Rs 656.45 after the company announced its quarterly results. The stock saw a sharp jump in volumes in today’s trade.
The January expiry witnessed a range bound trade, going ahead for a fresh breakout, Nifty needs to sustain above 6120.
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