Day Ends In Red

The Indian market witnessed some profit booking in the last hour of the trading session. At the end of the day, the Nifty was down by 19 points at 6050 and Sensex was 47 points lower at 19,942. Both the indices closed down in the range of 0.24%-0.32%.

The market breadth closed in the negative zone. On the NSE, 684 shares declined and 529 shares advanced.

Top 5 NSE Gainers: Punjab National Bank emerged as the top gainer on the NSE, up by 4.70%. HCL Technologies, Ambuja Cements, SBI and Reliance Infrastructure were the other top gainers.

Top 5 NSE Losers: Sun Pharma is trading lower by 3.78%, followed by Asian Paints, Jindal Steel and Power, NMDC and Axis Bank.

Most of the sectors closed in negatives. Metal, Healthcare and Realty all ended down by more than 1%. IT and TECk finished in the green.

In the Asian markets, KOSPI ended as the top gainer, up 1.16%, followed by Straits Times and Taiwan Weighted. The other indices Nikkei 225, Shanghai Composite and Hang Seng remained in the red.

In the European markets, CAC 40 is down 1.01%, DAX is lower by 0.07%, while FTSE 100 is trading higher by 0.03%.

Buzzers: Asian Paints tanked 3.72% to Rs 4673 after reporting a 3% year-on-year drop in consolidated net profits to touch Rs 251 crore for the quarter ended March 31, 2013 due to higher Other Expenditure. The company had reported a profit of Rs 259 crore in the year ago quarter.

Jubilant Foodworks crashed down more than 7%. The stock presented its quarter result, which was below the market’s expectations. The stock saw a drop in prices along with a rise in volumes, and closed at Rs 1015.

The market gave the first sign of reversal today. Going ahead, 6020 will be a crucial support.