FMCG, Auto Lend Oars In Choppy Conditions
Suparna / 08 Apr 2013
The Indian markets continued to witness choppy trades in the last hour today. IT stocks took a thrashing, while buying was seen in some pharma and auto counters. The Nifty closed with a loss of 10 points at 5542 and Sensex closed at 18,441.
The Indian markets continued to witness choppy trades in the last hour today. IT stocks took a thrashing on concerns ahead of Infosys’ Q4 results declaration slated for Friday. Buying was seen in defensive counters such as Sun Pharmaceuticals and Hindustan Unilever. Auto also provided some support to the markets. The Nifty closed with a loss of 10 points at 5542 and Sensex closed 9 points lower at 18,441. Both the indices closed down in the range of 0.05%-0.19%.
The advance-decline ratio ended on the negative side. On the NSE, 704 shares closed in the red and 563 shares were in the green.
Top 5 NSE Gainers: Bharti Airtel ended up by 3.59% as the top gainer on NSE. Reliance Infrastructure held its gains and BHEL, Ambuja Cements and Cipla were also among the highest gainers.
Top 5 NSE Losers: Asian Paints ended as the top loser for the day, down by 2.95%, followed by Ranbaxy Labs, Sesa Goa, Punjab National Bank and Axis Bank.
Most of the sectoral indices ended in the green. Consumer Durables, FMCG and Power were the top gainers in the pack. Capital Goods, IT and Metal continue to disappoint and ended in the red.
Most of Asian markets closed in losses. Taiwan Weighted lost 2.45%, and Shanghai Composite, Straits Times and Hang Seng were also down. However, Japan’s Nikkei hit its highest closing level in nearly 5 years, up by 358 points at 13,192.
The European markets are trending up so far. The CAC 40 is trading with gains of 0.62%, FTSE 100 is higher by 0.31% and DAX is up 0.27%.
Buzzers: BHEL has surged by as much as 2.73% to Rs 182.65 after the state-owned company reported a net profit of Rs 3,108 crore for the fourth quarter ended March, 2013. The stock saw good momentum in a sluggish market, along with a rise in volumes.
Bharti Airtel moved higher by 4% in today’s trading session. The stock gained along with a rise in volumes. It opened at Rs 270 and registered a low of Rs 269.85.
After a fall of more than 150 points seen in the last week, the Nifty seems to be consolidating in the range of 5520-5550.
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