Indian equity market indices continued their southward momentum in the second consecutive day. The decline was led by selling pressure in the rate sensitive stocks. Nifty and Sensex extended their losses in the late trade and ended at 6114 down by 43 points and at 20111 plunged 113 points respectively.
Shares of Coal India gained momentum after its Board of Directors recommended a final dividend of Rs 4.30 per share. This is in addition to the interim dividend of Rs 9.70 per share paid in March 13. LIC India sells 2.53% stake in Maruti Suzuki. LIC's stake in Maruti Suzuki India (MSI) has come down to 8.247 per cent currently from 10.777 percent earlier, the auto maker said in a filing to the BSE.
Among the sectoral indices CNX IT was the only sector ending in green zone by 0.98% while rest all indices ended in red. CNX Realty was the biggest loser of the day, down by -2.35%.
Out of 50 stocks of Nifty 14 shares ended in green while 36 ended in red.
Top 5 Nifty gainers: Coal India (2.36%), BHEL (1.61%), TCS (1.40%), HCL (1.34%) and INFY (1.06%) were among Index gainers.
Top 5 Nifty losers: Ultra Cement (-4.87%), NTPC (-4.42%), JP Associate (-3.94%), Grasim (-3.17%) and DLF (-3.04%) were top Nifty losers.
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