Mumbai: The markets slipped significantly in the final hour of trade closing with a deep cut.
The weakness in markets was in line with Asian indices trading flat or in negative despite some positive cues from Dow yesterday. Heavy selling was seen in metal, IT and oil & gas.
Selective buying was seen in auto and capital good stocks. Broader markets also ended in red but outperformed the benchmark.
Among the top Nifty losers were Nalco, which was down 6.5%, followed by BPCL. SAIL was down 5% each and Siemens down 4%.
In the mid-cap space, multiplex stocks continued to rally, with PVR Inox at the top, followed by Adlabs and Cinemax.
Stocks from banking and financial space were active today.
Auto ancillary stocks attracted attention with Rico Auto and Ceat up. Agro Dutch, Eveready, Agro Tech were among the other midcap gainers.
BHEL, Maruti Suzuki and Bajaj Auto ended in black with good gains.
However, Wipro, TCS and Hindalco were the top laggards.
Mid-cap momentum stocks like Essar Oil, Ashok Leyland, Neyvelli Lignite, Bongaigaon ended in red.
Yesterday's new listing Mundra Port closed down 9% below the Rs 900 mark.
Comments
0 comment