The Indian benchmarks ended marginally lower, amid volatile trading session, weighed down by bank shares while caution prevailed ahead of expiry of March derivative contracts on Thursday. Besides, Asian Development Bank (ADB) projected India's economy to grow by 7.8 per cent in 2015-16, compared with 8.1-8.5 per cent pegged by the Economic Survey for 2014-15. However, India's growth projections were much higher than the 7.2 per cent projected for China in the year. Tata Motors was the top Sensex loser, down over 3 per cent. Tata Motors-owned luxury brand Jaguar Land Rover will manufacture the Range Rover Evoque at its Pune facility to support sales growth in the local market. The BSE SENSEX closed at 28161.72 down by -30.3 points or by -0.11 per cent and then NSE Nifty closed at 8542.95 down by -7.95 points or by -0.09 per cent.
The BSE MIDCAP closed at 10493.15 down by -45.96 points or by -0.44 per cent. while the BSE SMLCAP closed at 10650.93 down by -69.1 points or by -0.64 per cent
The top gainers of the BSE Sensex pack were Bharti Airtel Ltd. (Rs. 394.30,+2.86 per cent), Dr. Reddy's Laboratories Ltd. (Rs. 3512.95,+1.73 per cent), NTPC Ltd. (Rs. 152.60,+1.63 per cent), GAIL (India) Ltd. (Rs. 390.00,+1.62 per cent), Sesa Sterlite Ltd. (Rs. 193.95,+1.57 per cent), among others.
The top losers of the BSE Sensex pack were Tata Motors Ltd. (Rs. 532.90,-3.27 per cent), Tata Steel Ltd. (Rs. 327.20,-2.72 per cent), Hindalco Industries Ltd. (Rs. 133.20,-1.88 per cent), Hindustan Unilever Ltd. (Rs. 887.65,-1.59 per cent), State Bank of India (Rs. 270.40,-1.57 per cent), among others.
The top gainers of the NSE Nifty pack were Lupin Ltd. (Rs. 2007.90,+4.50 per cent), Bharat Petroleum Corporation Ltd. (Rs. 740.80,+3.55 per cent), Bharti Airtel Ltd. (Rs. 393.85,+2.77 per cent), NTPC Ltd. (Rs. 152.70,+1.70 per cent), GAIL (India) Ltd. (Rs. 390.00,+1.64 per cent), among others.
The top losers of the NSE Nifty pack were Tata Motors Ltd. (Rs. 532.25,-3.48 per cent), Tata Steel Ltd. (Rs. 327.15,-2.81 per cent), Hindalco Industries Ltd. (Rs. 132.85,-2.24 per cent), Hindustan Unilever Ltd. (Rs. 887.20,-1.68 per cent), State Bank of India (Rs. 270.55,-1.53 per cent), among others.
Among the thirteen sectoral indices, auto index was leading the decline and closed at 18988.07 down by -224.2 points or by -1.17 per cent. Tata Motors Ltd. (Rs. 532.90,-3.27 per cent), Eicher Motors Ltd. (Rs. 15513.65,-2.08 per cent), Bosch Ltd. (Rs. 26374.75,-1.97 per cent), MRF Ltd. (Rs. 37733.75,-1.83 per cent), Hero MotoCorp Ltd. (Rs. 2607.80,-1.14 per cent)
The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2945 , shares advanced were 1113 while 1702 shares declined and 130 were unchanged