Post-Session: Markets dip led by consumer durable stocks Analysis for Mar 10, 2015

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The Indian benchmarks closed on negative note weighed down by selling pressure in financials, capital goods and oil shares. However, buying in Bharti Airtel and auto shares limited the losses. Further, factory growth probably lost more momentum in January while inflation remained below the Reserve Bank of India's target last month, bolstering chances of further interest rate cuts, a Reuters poll found. The median forecast from the survey of 24 economists showed annual growth in industrial output slowed to 0.65% in January from December's 1.70%, its second straight month of easing. The BSE SENSEX closed at 28709.87 down by -134.91 points or by -0.47 per cent and then NSE Nifty closed at 8712.05 down by -44.7 points or by -0.51 per cent.

The BSE MIDCAP closed at 10860.25 down by -40.99 points or by -0.38 per cent. while the BSE SMLCAP closed at 11319.62 down by -32.32 points or by -0.28 per cent

The top gainers of the BSE Sensex pack were Bharti Airtel Ltd. (Rs. 367.90,+7.09 per cent), Coal India Ltd. (Rs. 370.65,+3.84 per cent), Mahindra & Mahindra Ltd. (Rs. 1227.05,+1.74 per cent), Bharat Heavy Electricals Ltd. (Rs. 259.30,+0.80 per cent), Bajaj Auto Ltd. (Rs. 2128.95,+0.75 per cent), among others.

The top losers of the BSE Sensex pack were Housing Development Finance Corporation Ltd. (Rs. 1312.80,-3.89 per cent), Hindalco Industries Ltd. (Rs. 138.05,-2.06 per cent), Hindustan Unilever Ltd. (Rs. 956.65,-1.81 per cent), Sun Pharmaceutical Industries Ltd. (Rs. 1025.20,-1.58 per cent), Tata Power Company Ltd. (Rs. 81.15,-1.34 per cent), among others.

The top gainers of the NSE Nifty pack were Bharti Airtel Ltd. (Rs. 367.95,+7.13 per cent), Coal India Ltd. (Rs. 370.70,+3.75 per cent), Mahindra & Mahindra Ltd. (Rs. 1228.25,+1.78 per cent), NMDC Ltd. (Rs. 129.75,+1.61 per cent), Lupin Ltd. (Rs. 1898.40,+1.55 per cent), among others.

The top losers of the NSE Nifty pack were Housing Development Finance Corporation Ltd. (Rs. 1312.40,-4.09 per cent), DLF Ltd. (Rs. 144.90,-4.04 per cent), Jindal Steel & Power Ltd. (Rs. 190.05,-2.34 per cent), Hindalco Industries Ltd. (Rs. 138.05,-1.95 per cent), Hindustan Unilever Ltd. (Rs. 957.15,-1.93 per cent), among others

Among the thirteen sectoral indices, realty index was leading the decline and closed at 1716.63 down by -31.94 points or by -1.83 per cent. DLF Ltd. (Rs. 144.60,-4.14 per cent), Prestige Estates Projects Ltd. (Rs. 266.85,-3.35 per cent), Godrej Industries Ltd. (Rs. 272.05,-2.54 per cent), National Buildings Construction Corporation Ltd. (Rs. 1006.45,-1.33 per cent), Phoenix Mills Ltd. (Rs. 371.50,-1.31 per cent)

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 3139 , shares advanced were 1304 while 1687 shares declined and 148 were unchanged

Story first published: Tuesday, March 10, 2015, 16:24 [IST]
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