Bears Party, Markets Close On A Low Note
Vinaya Patil / 11 Jun 2013
In the evening session, the Nifty was down by 89 points to close the day at 5788 and Sensex closed at 19,143. Both the indices ended in red by 1.52% and 1.53% respectively.
In the evening session, the Nifty was down by 89 points to close the day at 5788 and Sensex closed at 19,143, down by 298 points. Both the indices ended in red by 1.52% and 1.53% respectively.
The advance–decline ratio ended on a negative note at the end of day. On the NSE, 288 shares closed in green, while 1075 shares ended the day in red.
Top 5 Nifty Gainers: Ambuja Cement closed the day with a gain of 1.6% as the top Nifty gainer, followed by Cipla, Bajaj Auto, GAIL and Hero MotoCorp.
Top 5 Nifty Losers: Jindal Steel ended the day as the top Nifty loser, down by 15.2%, followed by Hindalco, Tata power, DLF and ONGC.
All the sectors ended on a negative note. Consumer Durables is the top loser for the day, down by 540 points, Metals and Banks were also down by 337 points and 266 points respectively. Oil & Gas and Auto indices are losers, down by 129 points and 115 points correspondingly.
The Asian markets closed on a negative note. Hang Seng was the top loser, down by 260 points. Nikkei ended in red, down by 196 points, while China’s Shanghai Composite, Straits Times, and Taiwan indices ended on a negative note.
Buzzers: M&M is up by around 4% as the AP High Court approved the merger of Satyam with Tech Mahindra.
The rupee, against the USD, made a new low at Rs 59.13. Oil companies like BPCL,HPCL and IOC are now worried since the import of around 70% of their oil requirement is done through dollar transactions.
The Nifty could not manage to hold above the 5800 level and closed near its crucial support at the 5765 level.
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