Sales Traders Commentary
On Monday, Indian bourses saw a gap down opening followed by a sustained selling pressure throughout the day. While concerns over the deficit rainfall may be waning, the debate over the CAG report on coal continues to haunt the political scenario. Weak Asian and European markets also underpinned the bearish sentiments.
The Sensex closed at 17678, down 104 points whereas the Nifty slipped 36 points to end the day at 5416.
Major gainers were Mahindra & Mahindra (1.35%), Reliance Industries (0.68%), Sun Pharmaceutical Industries (0.67%), Bajaj Auto (0.63%), Bharti Airtel (0.44%), and Hindustan Unilever (0.41%).
Major losers were Jindal Steel & Power (5.16%), Bharat Heavy Electricals (2.70%), State Bank Of India (2.58%), I C I C I Bank (2.12%), Tata Motors (1.99%), and Sterlite Industries (India) (1.87%)
The Oil & Gas index was up by 0.34%. Major gainers were Cairn India (0.7%), Reliance Industries (0.68%), Oil India (0.56%) and Oil & Natural Gas Corporation (0.17%).
The Realty index was down by 2.42%. Major losers were Indiabulls Real Estate (4.12%), Housing Development and Infrastructure (3.77%), D L F (3.15%), Godrej Properties (2.84%) and Oberoi Realty (0.26%).
The Bankex index slipped 1.81%. Major losers were Federal Bank (3.02%), Bank Of Baroda (2.9%), Canara Bank (2.76%), Bank Of India (2.56%) and H D F C Bank (0.26%).
The Capital Goods index was down by 1.61%. Major losers were Crompton Greaves (3.33%), Bharat Heavy Electricals (2.7%), A I A Engineering (0.74%), A B B (0.32%) and Bharat Electronics (0.13%).
Major losers in the mid – cap space were Allcargo Logistics (3.04%), Aban Offshore (2.77%), A B G Shipyard (0.89%), A I A Engineering (0.74%) and CORE Education and Technologies (0.22%).
Major losers among small - cap were A2Z Maintenance & Engineering Services (6.33%), Action Construction Equipment (3.85%), Styrolution ABS (India) (2.24%), Aanjaneya Lifecare (1.23%) and A B G Infralogistics (0.46%).
Globally, Asia ended on a mixed note while Europe indices were trading in the green.
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