Indian markets took a pause for the first time in the last 12 trading sessions with the NSE Nifty closing below the 5,000 mark. It was an absolute lackluster day of trades as key indices continued to struggle for any specific direction. Market players were in a limbo on account of mixed global cues, uncertain external environment and F&O expiry. Traders also seemed to be
waiting for the Fed policymakers’ verdict. The late slide was led by the Realty, Telecom and the IT stocks. Even the Mid-Cap and the Small-Cap stocks weren’t spared. The BSE Sensex fell 166 points or 1% at 16,719 after touching a high of 16,905 and a low of 16,838. The index opened at 16,905 against the previous close of 16,886. NSE Nifty slipped 50 points to shut shop at 4,969.
The markets breadth was negative. Out of 2,864 stocks traded, 1,001 advanced and 1,784 declined.
INDEX MOVERS...HDFC Bank surged 1.455% to Rs 1,560, Sterlite gained 1.09% to Rs 769 and Sun Pharma rose 0.58% to Rs 1,212....AND SHAKERS Jai Prakash Associates sunk 6.34% to Rs 235, Bharti Airtel dropped 3.43% to Rs 414 and RCom declined 2.9% to Rs 308. Mahindra, Hindustan Unilever and Rel Infra lost between 1 and 2 per cent each.
Market outlook: Below 4960 Nifty may slide to 4910, 4840. If it cross 5000 may touch 5040, 5085 levels.
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