For the first time in the last three days, benchmark indices derailed from its continuous winning streak on Friday and declined due to heavy profit bookings at an all time high level even as IT stocks and Banks also witnessed heavy selling.
The 30-share pack came down 18.79 points or 0.04 per cent to close at 53,140.06 points while its broader peer NSE Nifty declined 0.80 points or 0.01 per cent to 15,923.40 points.
In the Pharma sector, buying was witnesses amidst expectations of better Q1 results.
Market Highlights :
— Angel Broking rises 20 per cent in view of robust Q1 results
— Zomato IPO subscribed 36X, Tatva Chintan 3.46X
— India VIX, the volatile barometer, declines 5 per cent to below 12-level
— Voda Idea rises 8 per cent as Co said it was raising $3 Billion
— HCL Team which came out with earnings yesterday falls over 3 per cent
Among the top companies, Divi’s Lab was the largest gainer, rising 3.46 per cent, followed by Bharti Airtel, UltraTech Cement, Tata Steel, Power Grid, Reliance Industries, Hindalco and Grasim.
Among the losers in the Nifty pack were HCL Tech, followed by Eicher Motors, Infosys, Bajaj
Finserv, Adani Ports, Tata Consumer, Shree Cement and IndusInd Bank.
Broader Market indices ended higher outperforming their headline peers. Nifty Smallcap gained 1.10 per cent and Nifty Midcap went up 0.35 per cent. Nifty 500, the Broadest index on NSE, ended up 0.16 per cent.
Market breadth was in favour of the gainers with 1776 stocks ending in the green while 1423 others settling with cuts. A total of 500 stocks hit the 52-week highs mostly from smallcap space. Twenty stocks hit the 52-week lows mostly from microchip space. Altogether 500 stocks hit the upper circuit limits while 190 others lower circuit limits.
