Indian equity market opened with the gap down to the yesterday’s close and fell down over 1% for the second consecutive day. Nifty breached the 5700 mark and ended at 5696.15 down by 65 points while Sensex sunk below 18000 after almost 45 days and ended at 18827.16 down by 213.97 points.
The comments of Finance Minister P Chidambaram that the government is taking number of measures to revive growth and limit fiscal consolidation failed to boost sentiments.
FM added that the government will go ahead with the 10 percent stake sale of Coal India, which may fetch Rs 20,000 crore to the exchequer, and the Coal Ministry will talk to the Trade Unions to sort out issues.
Sun Pharmaceutical Industries share fell down after the company settled a patent suit with Pfizer Inc related to its acid-reflux drug for $550 million.
Among the sectoral indices CNX Auto was the biggest loser of the day plunged by -2.56% followed by CNX Realty (-2.29%) and CNX Pharma (-1.85%). All the sectoral indices of NSE ended in negative zone.
Out of the 50 stock Nifty 9 stocks ended in green while 41 ended in red.
Top 5 Nifty gainers: Hindalco (4.71%), Bharti Airtel (3.31%), Jindal Steel (0.62%), SBIN (0.55%) and Ambuja cement (0.46%) were top index gainers.
Top 5 Nifty losers: PNB (-4.73%), BOB (-4.20%), GAIL (-3.92%), Tata Motors (-3.90%) and NMDC (-3.69%) were top laggards.
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The comments of Finance Minister P Chidambaram that the government is taking number of measures to revive growth and limit fiscal consolidation failed to boost sentiments.
FM added that the government will go ahead with the 10 percent stake sale of Coal India, which may fetch Rs 20,000 crore to the exchequer, and the Coal Ministry will talk to the Trade Unions to sort out issues.
Sun Pharmaceutical Industries share fell down after the company settled a patent suit with Pfizer Inc related to its acid-reflux drug for $550 million.
Among the sectoral indices CNX Auto was the biggest loser of the day plunged by -2.56% followed by CNX Realty (-2.29%) and CNX Pharma (-1.85%). All the sectoral indices of NSE ended in negative zone.
Out of the 50 stock Nifty 9 stocks ended in green while 41 ended in red.
Top 5 Nifty gainers: Hindalco (4.71%), Bharti Airtel (3.31%), Jindal Steel (0.62%), SBIN (0.55%) and Ambuja cement (0.46%) were top index gainers.
Top 5 Nifty losers: PNB (-4.73%), BOB (-4.20%), GAIL (-3.92%), Tata Motors (-3.90%) and NMDC (-3.69%) were top laggards.
To qualify NISM series I: Currency Derivative certification examination, register with Intelivisto.com and buy NISM Currency Derivative Examination comprehensive question bank which features mock test, chapter-wise and full length test as per NISM standards. It also includes performance analysis tools to analyze the performance. To Know more call: +91-9582000102.
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