MUMBAI: Benchmarks ended on a weak note near psychological support levels as cautious investors booked profits ahead of the Reserve Bank of India's policy meet. The central bank is likely to raise interest rates by 25 basis points to rein in inflation which rose to 9.06 per cent in the month of May.
National Stock Exchange's Nifty ended at 5447.10, down 53.40 points or 0.97 per cent. The broader index touched a high of 5499.35 and low of 5438.95 in trade today.
Bombay Stock Exchange's Sensex closed at 18124.36, down 184.30 points or 1.01 per cent. The 30-share index hit a high of 18308.69 and low of 18111.21 intraday.
BSE Midcap Index was down 0.63 per cent and BSE Smallcap Index moved 0.64 per cent lower.
Amongst sectoral indices, BSE Bankex was down 1.61 per cent, BSE Realty Index declined 1.58 per cent and BSE IT Index was down 1.21 per cent. BSE FMCG Index was up 0.12 per cent.
SAIL (-3.48%), IDFC (-3.43%), DLF (-3.43%), Axis Bank (-2.82%) and Wipro (-2.71%) were the major Nifty losers.
Reliance Infrastructure (1.48%), Tata Motors (0.98%), Hero Honda (0.62%), Hindustan Unilever (0.52%) and Sesa Goa (0.44%) were amongst the gainers.
Market breadth was negative on the NSE with 1670 losers against 1230 gainers.
Source:http://economictimes.indiatimes.com/markets/stocks/market-news/nifty-ends-near-5450-banks-realty-tech-down/articleshow/8863004.cms
Thanks & Regards,
Monindro Saha
Summer Intern @ DENIP CONSULTANTS PVT LTD.
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