A Disappointing Expiry Day
Suparna / 25 Jul 2013
The Indian markets continued to slide down till the closing session today. All the Large-Cap stocks ended in red. The Nifty ended at 5907, down by 83 points. The Sensex closed at 19,800, down by 285 points.
The Indian markets continued to slide down till the closing session today. All the Large-Cap stocks ended in red. The Nifty ended at 5907, down by 83 points. The Sensex closed at 19,800, down by 285 points. The indices ended in red, down by 1.39% and 1.42% respectively.
The advance–decline ratio ended on the negative side in the closing session. On the NSE, 1317 shares closed in green, while 1978 shares ended the day in red.
Top Nifty Gainers: Hero MotoCorp closed the day up by 4.2%, followed by Asian Paints, Tata Motors, TCS and BPCL.
Top Nifty Losers: Ambuja Cements closed the day down by 10.5%, followed by JP Associates, ITC, NMDC and Grasim Industries.
Most of the sectors ended in red today. FMCG was the top loser, down by 250 points, followed by Healthcare and Metals, down by 152 points and 127 points respectively. Capital Goods and Bankex also ended on a negative note, down by 114 points and 130 points correspondingly. Mid-Caps and Small-Caps were down by more than 40 points.
The Asian markets closed on a negative note. The Nikkei market was the top loser, down by 168 points, followed by Hang Seng which ended on a negative note, down by 67 points. KOSPI and Straits Times ended on a negative note too.
Buzzers: Maruti Suzuki announced its Q1FY14 numbers today and they came out to be better than street expectations as the net profit surged by 49% YoY to Rs 632 crore. The stock made a new high at Rs 1452.
If the Nifty sustains above the 5900 level, it may see some recovery from this level.
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