The Indian markets dropped over 1% on Thursday on concerns that higher-than-expected inflation will reduce possibility of aggressive monetary easing by RBI on June 18. Weak European markets further intensified the selling pressure.
While the Sensex closed at 16677, down 203 points, the Nifty slipped 67 points to end the day at 5055.
Major gainers were Infosys Technologies (1.08%), Cipla (0.36%), I T C (0.25%), and Sterlite Industries (India) (0.15%).
Major losers were Tata Motors (4.60%), Larsen & Toubro (3.92%), I C I C I Bank (3.70%), NTPC (3.66%), State Bank Of India (3.06%), and Maruti Suzuki India (2.82%).
The IT index jumped 0.25%. Major gainers were Tech Mahindra (1.43%), Infosys (1.08%), Hexaware Technologies (1.06%) and CORE Education and Technologies (0.76%).
The Realty index slipped 3.04%. Major losers were Indiabulls Real Estate (6.93%), Anant Raj Industries (4.8%), D B Realty (2.35%), D L F (2.2%) and Godrej Properties (2.16%).
The Bankex was down 2.94%. Major losers were Canara Bank(4.65%), Bank Of Baroda (3.32%), Bank Of India (3.16%), Federal Bank (1.6%) and H D F C Bank (1.23%).
The Capital Goods index slipped 2.89%. Major losers were Alstom Projects India (3.2%), A I A Engineering (1.97%), BEML (1.95%), Bharat Electronics (1.39%) and A B B (0.36%).
Major losers in the mid–cap space were Alstom Projects India (3.2%), A I A Engineering (1.97%), A B G Shipyard (0.66%), Alok Industries (0.55%) and Aban Offshore (0.17%).
Major losers among small – cap were A2Z Maintenance & Engineering Services (3.35%), Reliance MediaWorks (2.23%), Adhunik Metaliks (2.23%), A B G Infralogistics (1.4%) and Trident (0.21%).
Globally, Asian indices ended on a lower note while European indices were trading in the red.
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