RBI Hurts Markets, Capital Goods Down 2.2%

Suparna / 16 Jul 2013

RBI Hurts Markets, Capital Goods Down 2.2%

The Indian markets ended on a negative note this evening. Most sectors closed in the red zone. The Nifty closed negative with a negative bias of 75 points at 5955. Sensex closed at 19,851, down by 183 points.

The Indian markets ended on a negative note this evening. Most sectors closed in the red zone. The Nifty closed negative with a negative bias of 75 points at 5955. Sensex closed at 19,851, down by 183 points. Both the indices ended in red by 1.25% and 0.91% respectively.

The advance–decline ratio ended on the negative side. On the NSE, 1395 shares closed in green, while 1995 shares ended the day in red.

Top Nifty Gainers: Bharti Airtel closed the day up by 2.1%, followed by ITC, BPCL, Ambuja Cement and HUL.

Top Nifty Losers: IndusInd Bank closed the day down by 7.8%, followed by DLF, JP Associates, IDFC and Axis Bank.

In the sectoral pack, 10 out of the 13 sectors ended on a negative note. Bankex was the top loser, down by 651 points, followed by Capital Goods and Metals, which were down by 214 points and 147 points respectively. Consumer Durables was also saw weak trade, down by 71 points. Mid-Caps and Small-Caps ended with a big sell-off, down by 88 points and 45 points respectively.

The Asian markets closed flat on a mixed note. The Nikkei market closed up by 92 points. Hang Seng, Taiwan and China’s Shanghai Composite ended on a positive note. However, KOSPI and Straits closed with nominal losses.

Buzzers: DLF was down by 7.6 % and made an intraday low of Rs 163.80. The Stock nearly touched its 52-week low of Rs 161.20. If it breaks this level, we may see a more down move up to Rs 150.

Nifty took support around the 5940 level. If it opens below this level tomorrow, we may see a move up to the 5900 level immediately.

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