Sensex Ends Above 19k Mark

The Indian markets saw a smart recovery in the afternoon trading session due to the rupee strengthening for the first time in the last five trading sessions, but could not sustain at the higher levels and dropped back to the levels of 5760. At the end of the trading session, the Nifty closed down by 28 points at 5760 and Sensex closed at 19,041, down by 100 points.

The advance–decline ratio ended on a negative note at the end of the trading session. On the NSE, 772 shares ended in red and 488 shares ended in green.

Top 5 Nifty Gainers: Jindal Steel and Power ended as the top gainer, up by 4.61%, followed by IndusInd Bank, JaiPrakash Associates, IDFC and Lupin. 

Top 5 Nifty Losers: Reliance Infrastructure ended as the top loser, down by 4.09%, followed by Axis Bank, Tata Power, Coal India and Tata Steel.

Most sectors ended in red. Healthcare and Oil&Gas ended in green with gains in the range of 0.45%-0.47%. On the other hand, Consumer Durables, IT and Metals ended as losers in the sectoral pack.

The European markets are trading mixed. CAC 40 is trading higher by 0.35% to 3823, followed by FTSE 100 trading at 6342, up by 0.04%. On the other hand, DAX is trading in a negative zone, down by 7 points at 8215.

The Asian markets ended in red. Hong Kong’s Hang Seng ended lower by 1.22%, followed by KOSPI, Taiwan Weighted and Nikkei 225.

Buzzers: Tata Coffee tanked down by 20% to lock in lower circuit at Rs 1100.60 over heavy volumes. The stock has slipped by almost 25% in the past four trading sessions after the Coffee Board of India said that the country’s coffee exports have declined by 2.85% to 1,72,480 tonnes so far in CY2013 due to weak global prices.

TTK Healthcare surged as high as 7% to Rs 535 over heavy volumes. The stock saw good action in price and volume in the last hour of trade.

Nifty continued to hold the level of 5750 which is a crucial level. Going forward, we feel that the Nifty may continue to trade in a range bound manner.