New Delhi: The markets ended lower amid losses in metal, pharma, capital goods, technology and banking stocks. Buying however was seen in FMCG and consumer durables stocks.
The markets ended lower amid selling pressure. The Sensex closed down 86.62 points or 0.85% at 10,086.63. It touched an all-time high of 10185.06.
The Nifty closed down 23.60 points or 0.78% at 3017.55. It touched an all-time high of 3051.70.
The CNX Midcap Index closed down 19.45 points or 0.44% at 4439.45. It touched an all-time high of 4490.25.
The BSE Small Cap Index closed down 12.10 points or 0.19% at 6283.28. The BSE Midcap Index closed down 31.82 points or 0.66% at 4812.12.
The market breadth was negative, about 1094 shares advanced, 1307 shares declined, and 78 shares remained unchanged. The total market turnover was at Rs 37,228.77 crore (Rs 372.28 billion).
HLL, Bajaj Auto, M&M, HDFC Bank, Bharti Tele and Gail were the biggest index gainers.
Nalco, Cipla, Larsen, Tata Power, Tata Motors and Satyam were the biggest index losers.
Experts believe that this not the time enter the markets, instead one must book profits.
The BSE Metal Index underperformed the other indices. It closed down 2.10% at 6880.24 amid losses in Hindustan Zinc, Nalco, Sterlite Industries, Hindalco and Tata Steel.
Pharma stocks including Cipla, Wockhardt, Matrix Lab, Biocon, Apollo Hospital, Orchid Chemical and Dr Reddy's Labs also ended lower. The BSE healthcare Index closed down 1.80% at 3582.18.
Capital goods stocks including Aban Loyd Chiles, Larsen, Praj Industries, KEC International, BEML and Gammon India also witnessed selling pressure. The BSE Capital Goods Index closed down 1.75% at 7286.87.
Technology stocks including Hexaware Tech, Satyam, Wipro, HCL Info, TCS, HCL Tech and Infosys also ended in the red. The BSE IT Index closed down 1.65% at 3655.26.
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