Mid-caps Drag Markets Down

Thursday, January 24, 2013, Indian market closing: Indian equity markets ended lower amid weakness in the mid-cap segment and an uncertain global environment.
By Nidhi Gandhi |  24-01-13 | 
 

Indian equity markets ended the January 24 trading session lower, dragged down by the mid-cap and small-cap indices. The markets edged lower in initial trade and remained in the negative throughout the day. Market sentiments were hurt further due to the uncertainty prevailing in the global markets. Markets breadth was negative as on the BSE 1,674 shares declined while 535 shares advanced.

The BSE Sensex touched a high of 20,072 and a low of 19,884 before it ended lower by 0.51% or 102.83 points to close at 19,924. Similarly the S&P CNX Nifty too moved lower by 0.58% or 34.95 points to close at 6,019. The BSE Mid-cap and Small-cap indices ended in the negative, down by 2.51% and 2.44% respectively.

Out of the 13 indices on the BSE sectoral space, only 3 managed to rise. Leading the pack of gainers was the BSE FMCG index, up by 1.03%; followed by the BSE IT and BSE Capital Goods indices which moved up by 0.37% and 0.36% respectively. On the other hand, leading the pack of losers was the BSE Realty index, down by 4.19%; followed by the BSE Auto and BSE Power indices which moved down by 2.51% and 1.97% respectively. The other major losers were the BSE Metal, BSE PSU and BSE Healthcare indices which moved down by 1.84%, 1.52% and 1.33% respectively.

10 of the 30 shares on the BSE Sensex posted a rise during the day. The top 5 gainers were HUL (+1.86%), ITC (+1.64%), L&T (+1.56%), TCS (+1.06%) and ONGC (+1.01%). On the other hand, the top 5 losers were Tata Motors (-5.91%), Gail India (-4.66%), Cipla (-3.67%), Hindalco Inds (-3.39%) and Sterlite Inds (-2.53%).

As per the data released by SEBI, foreign institutional investors (FIIs) were net buyers in the equity and the debt segments to the tune of Rs. 814.70 crores and Rs. 378.50 crores respectively.

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