Nifty Holds 5750 Mark, Bank Of India Down By 6.2%
DSIJ Intelligence / 03 Jul 2013
The Indian markets saw a large amount of selling from morning till the mid-session today. However the markets held lower levels of trading after struggling all day.
The Indian markets saw a large amount of selling from morning till the mid-session today. However the markets held lower levels of trading after struggling all day. The Nifty closed down by 86 points at 5770 while the Sensex closed down by 286 points at 19177. Both the indices lower by approximately 1.48%.
The advance–decline ratio ended in the same manner as it remained all day. On the NSE, 1251 shares closed in the green, while 2074 shares ended the day in red.
Top Nifty Gainers: Lupin closed the day with gains of 3.65%, emerging as the top gainer on the NSE. It was followed by Sun Pharma, Jindal Steel, Ambuja Cement and ITC.
Top Nifty Losers: JP Associates ended the day as the top loser on NSE, closing lower by 8.5%, followed by Bank of Baroda, IDFC, PNB and Tata Power.
In the sectoral pack, 11 out of the 13 sectors ended on a negative note. Bankex was the index losing the most. It shed 309 points today. Metals and Capital Goods were down by 244 points and 229 points respectively while Oil & Gas and Consumer Durables were down by 236 points and 177 points respectively. Mid-caps and small-caps also closed the day lower.
Globally, the mood was no different. The Asian markets closed on a negative note with the Hang Seng losing 511 points. The Nikkei, Shanghai Composite, Straits Times and Taiwan index all lost out today.
Buzzers: Bank Of India today decided to cut its base rate by 25 basis points to 10%. The new rate would be effective from July 8, 2013. The scrip made a new 52-week low of Rs 218.25 share.
The Nifty today held the level of 5750. This level will turn out to be an important support level for tomorrow’s opening session.
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