Nifty closes near 5000 | Nifty Down realty, metals decline

Nifty closes near 5000 | Nifty Down realty, metals decline

MUMBAI: Indian markets ended sharply lower as investors resorted to profit booking at higher levels. Realty, metals and banks were the worst hit.

National Stock Exchange’s Nifty ended at 5003.80, down 79.60 points or 1.57 per cent. The index touched an intra-day low of 4991.95 and high of 5076.05.

Bombay Stock Exchange’s Sensex was at 16856.67, down 277.88 points or 1.62 per cent. The 30-share index hit a low of 16835.80 and high of 17062.01.

BSE Midcap Index was down 1.64 per cent and BSE Smallcap Index slipped 2.11 per cent.

Amongst the sectoral indices, BSE Realty Index was down 3.54 per cent, BSE Metal Index was down 2.30 per cent and BSE Bankex slipped 2.06 per cent.

Bharti Airtel (-8.11%), Graim Industries (-7.12%), Reliance Communications (-6.12%), Hindalco Industries (-5.95%) and Suzlon Energy (-5.15%) led declines on the Nifty.

Biggest index gainers were ITC (2.67%), Sun
Pharmaceuticals (2.04%), Mahindra & Mahindra (1.49%), Reliance Infrastructure (1.47%) and BPCL (1.46%).

Market breadth on BSE showed 1976 declines against 794 advances.

(All the figures are provisional)

source – http://economictimes.indiatimes.com/

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