Both the benchmark indices of
India Inc. Sensex and Nifty continued their southward journey as they lost
59.47 and 21.50 points respectively in third straight trading sessions and hit
their 19 weeks lower levels. Though both the indices witnessed a higher
volatility today, but Nifty managed to get closed above the crucial mark of
5550 and closed at 5553.25 while Sensex settled down at 18450.23.
FIIs remained net seller and this
added more fuel to the uncertainty looming over India Inc. following political instability.
They sold equities worth Rs. 326.21 crore whereas DIIs (domestic players) were
net buyer by Rs. 64.73 crore as per the provisional data of NSE.
Today’s decline was led by FMCG,
Capital Goods, Power and the Banking stocks. Index heavy weights like ITC,
NTPC, HDFC, Ambuja Cement, M&M, ACC and ICICI Bank were among the top
laggards in the index.
Out of 50 stocks of Nifty index, 21
advanced, 28 declined while 1 remained unchanged.
Top Five Nifty gainers: Maruti led the Nifty Gainers list and
excelled by 7.18% as broking firms re-rated the stock on lower royalty payments
and import cost. Other gainers in the list were ONGC (2.23%), HCL Technologies
(2%), Sesagoa (1.8%) and Hindalco (1.69%).
Top Five Nifty Losers: State owned mining giant NMDC was the
biggest loser today and fell by 4.94% and accompanied by ITC (2.9%), HDFC
(2.87%), NTPC (2.87%) and Ambuja Cement (2.51%).
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