Indian equity market remained under pressure ahead of Derivatives June month expiry. Indian rupee breached the physiological support of 60 and hits the all time low of 60.38 against the US dollar as last reported. Sensex ended the day at 18,552.12 down by 77.03 while 50 stocks index Nifty ended at 5,580.70 down by 20.40 points.
IT stocks surged as INR depreciated below 60 against USD, it depreciated by 7 percent in month of June and 12 percent since May 1. Banking, metals, auto, healthcare stocks were the top losers of the indices. Foreign Institutional Investors remained the net seller and have sold Rs. 10,550 crore over 11 consecutive sessions till Monday.
Among the sectoral indices CNX IT was the biggest gainer of the day and surged by 1.75% while CNX Auto was the biggest loser, down by -1.73% followed by CNX Metal (-1.38%) and CNX Pharma (-1.12%).
Out of 50 stocks of Nifty 19 stocks were ended in positive zone while 31 stocks ended in negative territory.
Top 5 Nifty gainers: TCS (3.86%), Hero Motorcorp (3.84%), Asian Paints (3.82%), Power Grid (2.81%) and HCL (2.69%) were index top gainers.
Top 5 Nifty losers: Bharti Airtel (-5.91%), M&M (-5.10%), Kotak Bank (-4.50%), IndusInd Bank (-4.17%) and Ranbaxy (-3.66%) were among top losers.
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