Indian share market tracked global weakness & slipped on concern over the future of the U.S. Federal Reserve's monetary stimulus and weak Chinese factory data and pushed shares sharply lower. 30 shares index Sensex tanks 387 points and ended the day at 19674 while Nifty closed below its crucial psychological support level of 6000 at 5967 sinking over 127 points.
State bank of India reported nearly 19 percent year-on-year drop in its FY13 fourth quarter net profit at Rs 3,300 crore. Higher provisions against non-performing assets (NPAs) and marginal growth in other income dented the bank's profit margin.
Among the sectoral indices all the sector ended in negative territory. CNX Realty was the biggest loser of the day plunged almost -6.20% followed by CNX PSU Bank (-5.51%), CNX Infra (-4.73%) and CNX Energy (-3.13%).
Out of 50 stocks of Nifty only 6 stocks ended in positive while remaining 44 ended in red.
Top 5 Nifty gainers: Tata Motors (0.84%), Sun Pharma (0.46%), HDFC (0.24%), CIPLA (0.17%) and HUL (0.02%) were among top index gainers.
Top 5 Nifty losers: Reliance Infra (-9.96%), JP Associate (-8.24%), SBI (-8.10%), DLF (-7.26%) and Ranbaxy (-6.97%) were index losers.
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