D-Street Plunges On Negative Sentiment
Suparna / 21 Nov 2013
The Indian markets took a deep dive after mid-session. There was not a single gainer among the Sensex and Nifty stocks. The Nifty finished down by 123 points at 5999 and Sensex dropped 406 points to 20229.
The Indian markets took a deep dive after mid-session today, with the sentiment taking a beating on over the anticipated tapering by the US Fed. What was disappointing was that there was not a single gainer among the Sensex and Nifty stocks. By close of day, Nifty was down by 123 points at 5999 and Sensex dropped 406 points to 20229. Both the indices ended lower in the range of 1.97%-2.02%.
On the NSE, the advance-decline ratio was on the negative side, with 1290 shares closing in the green and 1993 shares in the red.
Top 5 Nifty Losers: IndusInd Bank closed lower by 4.11% today, followed by Sesa Sterlite, Axis Bank, PNB and Ambuja Cements.
The sectoral indices all closed in the red. Bankex remained top loser, down by 310 points. Capital Goods was 217 points lower. IT, Metals and Oil & Gas were all down in the range of 150 points. Mid-Caps and Small-Caps lost 73 points and 55 points respectively.
The Asian markets maintained the same scenario. Nikkei was up by 289 points. However, Hang Seng and Taiwan Weighted were down by more than 100 points. Shanghai Composite and KOSPI also closed on a negative note.
Buzzer: PNB witnessed in heavy selling on the bourses in the closing session. The stock made an intraday low of Rs 515 and closed around the lower level. Rs 500 is a vital support level for this scrip, and it may see a further fall if it dips below this level.
If Nifty Future opens below the technical level of 6000 tomorrow, the index may continue to trade on similar lines as today.
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