The Sensex opened at 17,107 tracking positive cues from the global markets especially after the better-than-expected US job data. After displaying range-bound movement in the first half of the day, the Indian bourses slipped into the red. The index slipped to a low of 16,943, down 233 points from the days high.
The Sensex finally ended at 16,983, down 118 points. The NSE
Nifty continued its struggle to breach the year's high of 5182
which has acted as a hurdle for the bulls for the past few weeks. The NSE Nifty settled at 5,067, down 43 points. The market breadth was negative, out of 2,862 shares traded, 1,466 declined and 1,313 advanced on the BSE. Among the BSE sect oral indices, the Metal index was the top loser, shedding 3.2%, followed by the Realty index that was down 2.5% and the BSE Oil & Gas index was down 2%. The BSE Mid-
Cap index slipped 0.8% and the BSE Small-Cap index was up 0.5%. Bucking the negative trend were, BSE Capital Goods index up 0.7% and BSE Teck index up 0.3%.
Among the 30-components of Sensex, 20 stocks ended in the red and 10 ended in the positive terrain. Sterlite Industries, Tata Steel, Hindalco, RIL, DLF and M&M ended in the negative terrain. Among the major gainers were Bharti Airtel, HDFC, L&T, HDFC Bank and Hero Honda. Outside the frontline indices, the big losers in the broader market were Tata Comm, Godrej Industries, Tulip and REC Ltd. On the other hand, gainers included Piramal Health, Cummins India, Indian Hotels and GSPL. Shares of Adhunik Metaliks shot up by over 7% to end at Rs104 after the company received final approval from Ministry of Environment & Forests, Government of India for diversion of forest land in village-Deojhar, Kulum and Mahadebnas of Barbil Tahasil in Keonjhar district of Orissa for mining of Iron Ore out of its captive mine. Suzlon led the volume chart with trades of 18.51 million shares. It was followed by Karuturi Global (12.21 million), Satyam (10.36 million), Shiva Cement (8.13 million) and Radhe Developers (8 million).
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