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§ On Wednesday, benchmark indices had fallen for the fourth consecutive day. Financials took a beating for the third straight day today on likely margin squeeze, post hike in deposit rates by banks. The sell-off was across sectors barring cement, PSU oil & gas and select healthcare companies' shares. Realty and metal indices lost 2.0-2.5%. Capital goods, auto, IT, power and FMCG fell 0.6-1.0%.
§ Sensex closed at 19,696.48, down 238 points and Nifty closed at 5,903, down 73 points. BSE Midcap Index was down 2.2% and Smallcap down 3.2%.
§ Gainers were Tata Motors (0.74%), Oil & Natural Gas Corporation (0.25%), and Bharat Heavy Electricals (0.17%).
§ Losers were Jaiprakash Associates (3.31%), Reliance Communications (3.24%), HDFC Bank (3.08%), DLF (3.04%), Hindalco Industries (2.73%), and Bajaj Auto (2.44%).
§ The Realty index was down 2.85%. Major losers were Anant Raj Industries (5.59%), D B Realty (5%), Ackruti City (3.18%), DLF (3.04%), and Indiabulls Real Estate (2.89%).
§ The Consumer Durables space was down 2.74%. Major losers were Gitanjali Gems (6.89%), Bajaj Electricals (3.9%), Whirlpool of India (2.37%), Blue Star (1.98%), and Rajesh Exports (1.96%).
§ The Metal index was down 2.13%. Major losers were JSW Steel (2.85%), National Aluminium Company (2.8%), Hindalco Industries (2.73%), Bhushan Steel (2.27%), and Jindal Steel & Power (1.27%).
§ The Bankex index was down 2%. Major losers were Canara Bank (4.7%), HDFC Bank (3.08%), Federal Bank (2.62%), Bank of Baroda (1.29%), and Bank of India (0.7%).
§ Globally, Asian indices ended on a muted note, while European indices were trading weak.
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