Sensex Stuck Around 19500 Level
Suparna / 08 Jul 2013
Despite some recovery around the middle of the trading day, the Indian markets closed negative. The Nifty closed down by 56 points at 5811 and Sensex was down by 171 points at 19324. The INR made a new low of 61.53 against the USD.
Despite seeing some recovery around the middle of the trading day, the Indian markets could not finish the day in positives. The Nifty closed down by 56 points at 5811 and Sensex was down by 171 points at 19324. Both the indices ended lower by 0.96% and 0.88% respectively.
The advance-decline ratio was in the negatives by day end. On the NSE, 1533 shares closed in the green and 1792 shares ended lower.
Top 5 Nifty Gainers: IndusInd Bank closed trades with a gain of 3.6%. HCL Tech, BHEL, Reliance Infra and Ambuja Cements were among the others in green.
Top 5 Nifty Losers: BPCL ended the day 5.7% lower, followed by JP Associates, ONGC, Mahindra & Mahindra and HDFC.
9 out of the 13 sectors ended in the red zone. Oil & gas is the top loser, down by 172 points, Auto is down by 162 points and Bankex has dipped 151 points. The Mid-Caps and Small-Caps indices also ended negative. The FMGC and IT indices, however, closed up by 49 points and 19 points respectively.
The Asian markets also closed on a negative note today. Hang Seng was the top loser, down by 272 points and the Nikkei closed 200 points lower.
Buzzers: Escorts touched its 52-week high of Rs 78.40 today. We have seen gradual progress in this stock over the past 5-6 days after it saw 10% growth in agri machinery.
Today, the INR made a new low of 61.53 against the USD. This helped the IT stocks to trade positive.
The Nifty managed to close above 5800 but could not cross 5845. This level will be a major hurdle for the next trading session.
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