The Indian benchmarks closed on dull note with Infosys leading the decline after disappointing March quarter earnings while the guidance for the current fiscal was also lower than Nasscom estimates. Meanwhile, according to reports the Central Board of Direct Taxes has instructed Foreign Portfolio Investors claiming treaty benefits be settled within a month. Except for FMCG which ended flat all sectoral indices on the BSE ended lower with Realty and Consumer Durables being the top losers down over 3% each. The BSE SENSEX closed at 27437.94 down by -297.08 points or by -1.07 per cent and then NSE Nifty closed at 8305.25 down by -93.05 points or by -1.11 per cent.
The BSE MIDCAP closed at 10435.64 down by -171.43 points or by -1.62 per cent. while the BSE SMLCAP closed at 11008.62 down by -301.28 points or by -2.66 per cent
The top gainers of the BSE Sensex pack were Oil And Natural Gas Corporation Ltd. (Rs. 315.80,+2.60 per cent), Maruti Suzuki India Ltd. (Rs. 3561.00,+1.92 per cent), Tata Consultancy Services Ltd. (Rs. 2496.90,+1.63 per cent), ITC Ltd. (Rs. 347.15,+1.43 per cent), Tata Motors Ltd. (Rs. 515.30,+0.72 per cent), among others.
The top losers of the BSE Sensex pack were Infosys Ltd. (Rs. 1996.25,-5.95 per cent), Cipla Ltd. (Rs. 637.80,-3.89 per cent), Sesa Sterlite Ltd. (Rs. 205.05,-3.16 per cent), Hindalco Industries Ltd. (Rs. 131.25,-2.78 per cent), Larsen & Toubro Ltd. (Rs. 1679.60,-2.63 per cent), among others.
The top gainers of the NSE Nifty pack were NMDC Ltd. (Rs. 128.80,+3.37 per cent), Oil And Natural Gas Corporation Ltd. (Rs. 316.85,+2.89 per cent), Cairn India Ltd. (Rs. 218.65,+2.36 per cent), Lupin Ltd. (Rs. 1757.15,+1.81 per cent), ITC Ltd. (Rs. 347.95,+1.71 per cent), among others.
The top losers of the NSE Nifty pack were Infosys Ltd. (Rs. 1995.20,-5.98 per cent), Mahindra & Mahindra Ltd. (Rs. 587.50,-4.50 per cent), Cipla Ltd. (Rs. 637.65,-3.96 per cent), IndusInd Bank Ltd. (Rs. 830.55,-3.28 per cent), YES Bank Ltd. (Rs. 823.95,-3.21 per cent), among others.
Among the thirteen sectoral indices, realty index was leading the decline and closed at 1573.07 down by -62.95 points or by -3.85 per cent. National Buildings Construction Corporation Ltd. (Rs. 784.10,-7.72 per cent), Indiabulls Real Estate Ltd. (Rs. 57.90,-5.62 per cent), Housing Development & Infrastructure Ltd. (Rs. 115.60,-4.70 per cent), Sobha Ltd. (Rs. 390.05,-4.60 per cent), Oberoi Realty Ltd. (Rs. 281.40,-4.09 per cent)
The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2844 , shares advanced were 668 while 2074 shares declined and 102 were unchanged