Indian Stock market indices Sensex and Nifty slipped to negative terrain as traders resorted to profit booking at higher levels after the index hitting its highest in three months. Nifty ended the day at 6050 mark down by 19 points while Sensex closed at 19939 level plunging by 51 points.
Software services exporters gained after Cognizant Technology Solutions Corp forecast current-quarter revenue above market expectations after posting an 18 per cent rise in the first quarter. PNB reported 21 percent fall in its bottomline on higher provisions. Drop in gross and non performing assets was the biggest positive from its quarterly results. Union Bank too surged after bank reported 2 percent growth in net profit as against forecast of 15 percent fall.
Among the sectoral indices CNX PSU Bank (1.58%), CNX IT (0.73%) and CNX FMCG (0.06%) were among the gainers, rest other indices ended in red zone.
Out of 50 stocks of Nifty 21 stocks ended the day in green while 29 stocks in red.
Top 5 Nifty gainers: PNB (4.70%), HCL (2.45%), Ambuja Cement (2.09%), SBI (1.88%) and Reliance Infrastructure (1.85%) were among the top index gainers.
Top 5 Nifty losers: Jindal Steel (-3.78%), Asian paints (-3.72%), Sun Pharma (-3.30%), NMDC (-2.84%) and Axis Bank (-2.27%) were index top losers.
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Software services exporters gained after Cognizant Technology Solutions Corp forecast current-quarter revenue above market expectations after posting an 18 per cent rise in the first quarter. PNB reported 21 percent fall in its bottomline on higher provisions. Drop in gross and non performing assets was the biggest positive from its quarterly results. Union Bank too surged after bank reported 2 percent growth in net profit as against forecast of 15 percent fall.
Among the sectoral indices CNX PSU Bank (1.58%), CNX IT (0.73%) and CNX FMCG (0.06%) were among the gainers, rest other indices ended in red zone.
Out of 50 stocks of Nifty 21 stocks ended the day in green while 29 stocks in red.
Top 5 Nifty gainers: PNB (4.70%), HCL (2.45%), Ambuja Cement (2.09%), SBI (1.88%) and Reliance Infrastructure (1.85%) were among the top index gainers.
Top 5 Nifty losers: Jindal Steel (-3.78%), Asian paints (-3.72%), Sun Pharma (-3.30%), NMDC (-2.84%) and Axis Bank (-2.27%) were index top losers.
Now try our Mini IRDA IC-33 Mock Tests containing 6 Full Length Tests for Rs. 299/- only. To know more visit us at www.intelivisto.com or call: +91-9582000102.
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