Indian equity market on the opening day of the week traded in negative territory led by the weak auto sales and loses in oil & gas, capital goods and banking sector. 50 stock indices Nifty closed at 5938.85 down by 47 points while Sensex ended the day at 19610.18 & fell down by 150 points.
Infosys was the favourite stock at Dalal Street after the country's second largest software services major re-appointed N R Narayana Murthy (NRN) as its executive chairman with immediate effect to put the company back on high growth path.
Infosys was the favourite stock at Dalal Street after the country's second largest software services major re-appointed N R Narayana Murthy (NRN) as its executive chairman with immediate effect to put the company back on high growth path.
Sun Pharmaceutical Industries on media reports the company is in talks to buy Sweden's Meda AB for between $5 billion and $6 billion to boost its generics business in developed markets but market took news on negative on worries that a potential acquisition would reduce Sun Pharma's cash position and increase debt.
Among the sectoral indices CNX Media surged 2.18% & became the top gainer of the day followed by CNX IT (1.23%) and CNX PSU Bank (0.85%) while CNX Energy plunged -1.92%.
Out of 50 stocks of Nifty 17 ended in green and 33 ended in red.
Top 5 Nifty gainers: Infosys (4.00%), LUPIN (2.35%), Reliance infrastructure (2.26%), Jindal Steel (2.13%) and Tata Steel (1.97%) were index top gainers.
Top 5 Nifty losers: ONGC (-3.51%), Asian Paints (-3.42%), Bajaj Auto (-3.32%), Hero Motorcorp (-3.30%), and Ranbaxy (-3.29%) were index top losers.
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