End Session Markets continue downtrend

Nov 13, 03:44 PM

The Sensex slipped deeper into red in late noon deals taking cues from the European and Asian markets. The BSE index tumbled to low of 20,161 – down 204 points in the late trades.

Earlier in the day, the Sensex opened with a marginal loss of 34 points at 20,248. The Sensex shaved-off all its losses and bounced back into the positive zone in morning trade.the 30-shares index turned choppy and swung in and out of the positive zone for major part of the day.

The Sensex climbed to a high of 20,365, as the Indian rupee rebounded into the positive zone.

The Indian rupee jumped to a high of 63.45 and is now quoted at 63.53, up 16 paise as of 15:20 IST.

late sell-off, ensured that the Sensex ended with losses for the seventh straight day. Today, the BSE benchmark index dropped 87 points at 20,14. In the process, the Sensex has shed 1,045 points in last seven days.

NSE Nifty declined 28 points at 5,989.

Meanwhile, the trading holiday on account of Muharram has been shifted to Friday as against earlier declared for November 14. The markets will be opening for normal trading tomorrow.

The broader markets also ended in red, the BSE Midcap and Smallcap indices shed 0.6 per cent each at 6,076 and 5,892, respectively.

Among sectors, the Realty and FMCG indices dropped a per cent each at 1,275 and 6,430, respectively.

The IT and Bankex indices shed 0.6 per cent each at Rs 8,471 and 12,007, respectively.

The Capital Goods and Oil & Gas indices were also down 0.6 per cent each at 8,720 and 8,344, respectively.

On the other hand, the Auto index gained 0.5 per cent at 11,737 and the Consumer Durables index was up 0.2 per cent at 5,737.

The market breadth was negative. Out of 2,597 stocks traded on the BSE 1,379 stocks declined, while 1,051 stocks advanced.


Gail India was the top loser, down 2.4 per cent at Rs 323. Sesa Sterlite and Cipla slipped over 2 per cent each at Rs 187 and Rs 412, respectively.

Hero MotoCorp and HDFC Bank tumbled nearly 2 per cent each at Rs 2,000 and Rs 634, respectively.

Tata Power, ITC, TCS and Bharti Airtel tanked 1.7 per cent each.

Larsen & Toubro dropped over a per cent at Rs 919. Reliance shed nearly a per cent at Rs 845.

On the other hand, Hindalco surged 2.3 per cent at Rs 113. Tata Steel and Mahindra & Mahindra jumped nearly 2 per cent each at Rs 359 and Rs 895, respectively.

Sun Pharma, Tata Motors and Hindustan Unilever climbed over 1.5 per cent each at Rs 608, Rs 365 and Rs 583, respectively.

BHEL and SBI are the other gainers, down 1.3 per cent each at Rs 133 and Rs 1,698, respectively.


SBI topped the value chart with a turnover of Rs 162.79 crore. It was followed by Godrej Consumer (Rs 88.26 crore), Reliance Communications (Rs 59.03 crore), Axis Bank (Rs 58.89 crore) and Yes Bank (Rs 49.17 crore).

SpiceJet led the volume chart with trades of around 4.8 million shares. It was followed by Reliance Comm (4.3 miilion), Unitech (3.3 million), JP Associates (2.1 million) and Reliance Power (2.0 million).

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