The Indian market retreated from Tuesday’s strong rally to end the day in red territory. The market was downbeat throughout the trading session as investors’ awaited inflation data and progress in India-US nuclear agreement. NSG meet is scheduled today in Vienna to consider whether India should be allowed to resume civil nuclear trade with international community. Domestic markets opened in red tracking weak cues from global markets along with inflation worries. Market stayed in negative territory on significant selling pressure and recovered a bit after mid session but was not able to sustain the momentum and slipped further to close in red. Negative opening of European markets also fueled the negative sentiment. NSE Nifty ended below 4,500 mark and BSE Sensex closed around 14,900 level. From the sectoral front, Reality counter witnessed heavy selling pressure and ended with a deep cut of more than 3%. Along with this, profit booking was also visible in Metal, Oil & Gas, Capital Goods and FMCG stocks. However, IT and Pharma stocks were able to gain ended the day in green zone. The market breadth was positive as 1332 stocks closed in green while 1259 stocks were ended in red and 94 stocks remained unchanged in BSE.

The BSE Sensex closed lower by 150.76 points at 14,899.10 and NSE Nifty ended down by 56.25 points at 4,447.75. The BSE Mid Caps and Small Caps ended with losses of 7.84 points and 8.02 points at 5,829.17 and 6,974.37. The BSE Sensex touched intraday high of 14,994.15 and intraday low of 14,766.01.
Losers from the BSE are Sterlite Indus (3.69%), ONGC Ltd (2.97%), HDFC Bank Ltd (2.80%), Reliance (2.75%), ITC Ltd (2.62%), HUL (2.49%), Reliance Infra (2.32%), Reliance Com Ltd (1.89%) and DLF Ltd (1.34%).

The BSE Metal index plunged 198.75 points to close at 12,182.90. Losers are Hindustan Zinc (4.23%), Gujarat Nre C (3.94%), JSW SL (3.73%), Sterlite Indus (3.69%), Nalco (3.54%) and Jindal Steel (2.81%).

The BSE Oil & Gas index closed lower by 181.31 points at 9,844.65. Major losers are ONGC Ltd (2.97%), Reliance (2.75%), Essar Oil Ltd (2.32%) and Reliance Natural Resources (0.45%).

The BSE Reality index dropped 171.55 points to close at 5,195.72. As Indiabull Real (10.24%), Penland Ltd (4.18%), Housing Development (3.11%), Ansal Infra (3.05%), Unitech Ltd (2.62%) and Anant Raj Indus (2.49%) ended in negative territory.

The BSE Capital Goods index lost 115.06 points to close at 12,188.18. Lossers are Everest Kanto (3.12%), ABB Ltd (2.91%), Areva (2.83%), Crompton Greaves (2.62%), Jyoti Struct (1.97%) and Punj Lloyd (1.82%)

The BSE FMCG index ended down by 43.46 points at 2,212.58. As ITC Ltd (2.62%), HUL (2.49%), Nestle Ltd (1.13%), Godrej Cons (0.97%), United Spr (0.87%) and Colgate Palm (0.77%) closed in negative territory.

The BSE IT index closed up by 18.77 points at 4,085.70. Major gainers are Moser Bayer (9.47%), Aptech Ltd (4.25%), Financ Tech (2.63%), Rolta India (2.11%), Tech Mahindra (1.86%) and I-Flex (1.19%).

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The markets are still trading lower as selling pressure continued among most of the scrips. Further the negative opening of the European markets also kept the markets subdued. The Realty index has outperformed the benchmark index and is trading with a cut of more than 3% followed by the Oil & Gas, FMCG, Metal and Capital Goods index. The broader markets are however trading flat as the BSE Mid Cap is trading marginally down while the BSE Small Cap index is trading higher.

The overall market breadth is negative as 1202 stocks are advancing while 1280 stocks are declining in BSE.

Hindalco Industries reported the top gainer from the BSE Sensex pack. It is trading higher by (1.82%) at Rs.125.90 while Sterlite Industries reported the top loser down by (3.99%) at Rs.611.20.

At 2.31PM BSE Sensex is at 14,866.48 down by 183.38 points and Nifty is at 4,439.75 down by 64.25 points.

The BSE Mid Cap is lower by 5.65 points at 5,831.36 and the BSE Small Cap advanced by 4.12 points to 6,986.51.

The BSE Realty index is the one of the top loser today trading with a loss of 160.67 points at 5,206.60. The main losers are India Bull Real down by (8.36%) at Rs.295.40, HDIL decreased by (3.64%) at Rs.314 followed by Ansal Infra and Unitech declined by (2.86%) and (2.83%) to Rs.101.85 and Rs.164.80 respectively.

The most active shares on NSE are Resurgere Mines & Minerals Ltd. trading at Rs.499.40 with a total traded quantity of 10440039 shares followed by ICICI Bank trading at Rs.720.50 with a total traded quantity of 8819720 shares.

Gail India is trading higher by (3.80%) at Rs.421.80. The company today approved a bonus share in the ratio of 1:2 and this will double the authorized share capital to Rs.2,000 crore.

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