Post Session- Weak manufacturing data, bearish global cues push Sensex lower for second day Analysis for Jun 03, 2013

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The key domestic benchmarks ended lower for the second straight day as the Sensex closed at the lowest level in nearly a month after a report said that manufacturing activity in India grew at the weakest pace in 50 months, raising concerns over a deepening slowdown in Asia"s third biggest economy. The HSBC PMI fell to 50.1 last month from 51 in April 2013, with a reading above 50 signaling expansion. Further, bearish cues from Asian and European markets also played spoilsport as investors weighed weak Chinese manufacturing data, a drop in Japanese capital spending and fears that the US Fed may scale back stimulus.

The BSE SENSEX closed at 19,610.48, down by 149.82 points or by 0.76 per cent and the NSE Nifty ended at 5,939.3, down by 46.65 points or by 0.78 per cent.

The BSE Sensex touched intraday high of 19,860.19 and intraday low of 19,541.97. The NSE Nifty touched intraday high of 6,011 and intraday low of 5,916.35.

Meanwhile, the BSE MIDCAP closed at 6,405.9, up by 16.43 points or by 0.26 per cent, while the BSE SMLCAP ended at 5,936.06, down by 7.4 points or by 0.12 per cent.

On the Sectoral front, Oil & Gas and Power shed 1.84 per cent and 1.02 per cent, respectively.

The Market breadth, indicating the overall health of the market, was weak. On BSE out of total shares traded 2517, shares advanced were 1046 while 1337 shares declined and 134 were unchanged.

The top losers of the BSE Sensex pack were Hero MotoCorp Ltd. (Rs. 1667.55,-3.65%), Bajaj Auto Ltd. (Rs. 1762.20,-3.32%), Oil And Natural Gas Corporation Ltd. (Rs. 317.55,-2.85%), Sun Pharmaceutical Industries Ltd. (Rs. 1017.50,-2.68%), Housing Development Finance Corporation Ltd. (Rs. 868.90,-2.40%), among others.

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Story first published: Monday, June 3, 2013, 18:20 [IST]
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