Monday 8 April 2013

Daily Equity Market Report – April 8, 2013



Indian benchmark indices Sensex and Nifty ended the day on a flat to negative note. In the early morning trade Nifty opens higher to the Friday close. Sensex closes the day at 18437.78 down by 12 points while Nifty ended with 10 points lower than the previous day close at 5542.95.

IT stocks are down on concerns ahead upcoming quarterly results and last week released worse than expected U.S. nonfarm payrolls data increases the negative sentiments about the health of US economy, the sector's biggest revenue generator. Shares of Bank of Baroda were down following a report by Firstpost.com alleging money laundering.

Foreign institutional investors sold shares worth Rs 203.19 crore while domestic institutional investors bought equities worth Rs 21.47 crore on Friday as per the provisional data from the National Stock Exchange.

Out of the 50 stocks of Nifty 22 stocks ended in green, 26 ended in red and 2 stocks remain unchanged.

Top 5 Nifty gainers: Reliance Infrastructure Limited (3.48%), Bharti Airtel, BHEL, Ambuja Cement, Cipla.

Top 5 Nifty losers: Asian Paints(-2.99%), Ranbaxy, PNB, Axis Bank, Sesagoa.

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