Markets Witness Profit Booking
Suparna / 20 May 2013
The India markets slipped from the highs of the day. The 50-share Nifty index closed down by 30 points at 6156 and the Sensex was down by 50 points at 20,235. Bajaj Auto was the day's top gainer, closing up by 2.02%.
The India markets slipped from the highs of the day, especially the Consumer Durables, Banking and Capital Goods shares. At the end of the day, the 50-share Nifty index closed down by 30 points at 6156 and the Sensex was down by 50 points at 20,235.
The advance-decline ratio ended on the negative side. On the NSE, 745 shares were in the red and 552 shares closed in the green.
Top 5 Nifty Gainers: Bajaj Auto was the top gainer, closing up by 2.02%. Maruti Suzuki India, Mahindra & Mahindra, HCL Technologies and Coal India were among the others in the green.
Top 5 Nifty Losers: Ranbaxy Labs closed down by 5.94%, followed by Lupin, Jaiprakash Associates, Bharti Airtel and ONGC.
Most of the sectoral indices closed in the red. Auto and IT were among the top gainers, up by 0.67%-0.83%. Healthcare, Consumer Durables and Bankex, on the other hand, were among the losers.
The Asian markets ended the day positive. The Hang Seng closed up by 1.75%, Nikkei 225 gained 1.45% and China’s Shanghai Composite was 0.74% higher.
The European markets are trading positive as of now. The DAX has gained by 0.52%, followed by CAC 40 and FTSE 100.
Buzzers: Apollo Hospital Enterprises dipped 6.52% to Rs 996.90 on reporting a 27% year-on-year jump in standalone net profit to Rs 75.52 crore for the quarter ended March 2013. This was on the back of a one-time gain due to the sale of assets.
Voltamp Tranformers has rallied 20% to Rs 503.45 on the upper circuit, with no sellers in the stock. This was after the company announced a total dividend of 150% or Rs 15 per share, which includes a special dividend.
The Nifty witnessed profit booking in the closing session. Going ahead, the index has strong support around the 6120-6100 levels.
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