Markets End Lower On Profit Booking By Investors

Indian share benchmark indices ended with a negative bias all through the day, snapping its 3-days regular rally, with Sensex and Nifty closing in the red. Profit booking was weighed in across borders as banking/Financial, Pvt Bank and PSU Bank fall significantly.

The BSE Sensex slipped 189-pts to 37,451.84, while the Nifty50 index declined 59.25-pts to 11,046-level at the closing bell.

HCL Tech, BPCL, Infosys, Infratel and Eicher Motors were among major Nifty gainers while Yes bank, Tata Steel, JSW Steel, Vedanta and Coal India led the losses.

Nifty Realty (+2.38%), IT (+1.31%) and Media (+0.10%) edged higher while Metal index cut significant losses (-3.3.6%), led by Jindal Steel and SAIL. Banking, Financial, Auto and FMCG stocks were also ended in the red.

Realty Stock closed higher up by 2.38% led by Obroi Realty and Brigade as major gainers

Most IT stock rose amid weak rupee trend. NIIT Tech (up 5.08%), HCL Tech (up 2.72%), Infosys (up 2.40%), Tech Mahindra (up 1.61%) and TCS (up 1.08%) as the leading set of gainers in the IT.

Among stock-buzz, Yes Bank closed 7.13% after Moody’s negative outlook/downgraded lender’s , citing lower-than-expected capital raising.

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