Thu, May 23, 2013 at 16:00 PM
Markets ended lower, amid L&T.
Markets opened weak in the morning and continued to slide down and closed towards days low due to sellings in index weighs, State Bank of India, Larsen & Toubro and Reliance Industries Limited. Sensex ended down by 387.91 points or 1.93% at 19,674.33 after opening weak down by 90.87 points or 0.45% at 19,971.37 and touched a high of 20,027.56 and a low of 19,634.79 while Nifty closed down by 127.45 points or 2.09% at 5,967.05 after down by 44.10 points or 0.72% at 6,050.40 and touched a high of 6,081.45 and a low of 5,955.70 in the day.
Sectoral wise, all indices closed negative with Realty and Capital Goods index leading the list, crashed by 5.95% and 5.19%, followed by indices were Power down by 3.96%, Bankex, PSU, Oil & Gas and Consumer Durables declined between 3%-2%, Metal, Auto and Healthcare indices declined between 2%-1%, FMCG and IT down by 0.90% and 0.64%. In broader markets too ended negative, Mid-cap index declined down by 1.99% and Small-cap index fell by 2.20%.
Major stock gainers were, HDFC and Sun Pharmaceuticals were only index gainers for the day gaining up by 0.53% and 0.46%.
Major stock losers were, State Bank of India slipped by 7.96%, Larsen & Toubro shed 6.49%, Jindal Steel & Power Limited declined by 4.05%, Reliance Industries Limited, NTPC, BHEL, Bharti Airtel Limited, Mahindra & Mahindra and ICICI Bank Limited declined between 4%-3%, Tata Power Company, Sterlite Industries Limited, Maruti Suzuki, Tata Steel Limited and Bajaj Auto fell between 3%-2%, Wipro Limited, Hindalco Industries, Infosys and ITC fell between 2%-1%, HDFC Bank Limited, Coal India Limited and ONGC down between 1%-0.40%, Dr Reddys Laboratories and Tata Motors Limited down by 0.27% each, Hero Motocorp and Tata Consultancy Services declined by 0.10% each, while Cipla Limited and Hindustan Unilever ended marginally lower by 0.06% and 0.01%.
State Bank of India slipped down by 7.96%, after company reported a fall of 18.5% in net profit for the quarter ended March 2013 at Rs 3,299 crore as compared to Rs 4,050 for the same period previous year, due to higher provosions and decline in net interest income.
BHEL fell by 3.74%, after company announced fell in net profit by 6.04% at Rs 6,614.73 crore for the year ended March 2013 as compared to Rs 7,039.96 crore for the same period previous year.
Overall market breadth was firm negative with 1,737 shares declined compared to 592 shares advanced while 117 shares remained unchanged.
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