Indian equity market traded most of the session in a positive territory in a very tight range, though in the last 1 hour of the day market took U-turn and settled down in red zone. 50 stock index Nifty closed at 5919.45 down by 19 .85 points while Sensex ended at 19545.78 down by 64.70 points.
Financial stocks came under pressure in the last hour of the day as RBI has tightened norms for gold import by nominated agencies. The central bank has said that all letters of credit for gold import will be made only against 100 percent cash and "All gold imports must be on ‘docu against payment' basis,".
Among the sectoral indices CNX Pharma surged 1.85% while CNX PSU plunged -1.21% followed by CNX Finance (-1.07%) and Bank Nifty (-1.02%).
Out of 50 stocks of Nifty 21 stocks ended in positive terrain while 29 in negative.
Top 5 Nifty gainers: Ranbaxy (4.22%), Dr. Reddy (2.52%), CIPLA (2.42%), LUPIN (2.03%) and L&T (1.78%) were top index gainers.
Top 5 Nifty losers: Tata Motors (-2.53%), Axis Bank (-2.51%), Sesagoa (-2.21%), SBI (-2.07%) and Ambuja cement (-1.91%) were among top losers.
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Financial stocks came under pressure in the last hour of the day as RBI has tightened norms for gold import by nominated agencies. The central bank has said that all letters of credit for gold import will be made only against 100 percent cash and "All gold imports must be on ‘docu against payment' basis,".
Among the sectoral indices CNX Pharma surged 1.85% while CNX PSU plunged -1.21% followed by CNX Finance (-1.07%) and Bank Nifty (-1.02%).
Out of 50 stocks of Nifty 21 stocks ended in positive terrain while 29 in negative.
Top 5 Nifty gainers: Ranbaxy (4.22%), Dr. Reddy (2.52%), CIPLA (2.42%), LUPIN (2.03%) and L&T (1.78%) were top index gainers.
Top 5 Nifty losers: Tata Motors (-2.53%), Axis Bank (-2.51%), Sesagoa (-2.21%), SBI (-2.07%) and Ambuja cement (-1.91%) were among top losers.
To qualify NISM certification examination, register with Intelivisto.com and buy NISM exams 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. For more information call on: +91-9582000102.
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