The Indian equity started April futures and options series on shaky note as investors resorted to profit booking as cautioned prevailed in the market ahead of earnings season and monsoon data. However, firm buying across broader market, with MIDCAP and SMLCAP indices gaining between 0.7-0.8 per cent, capped day’s losses. CL Educate made a disappointing debut at the BSE today, listing at Rs 398, 21 per cent below the issue price of Rs 502.
Snapping three day gain, the 30-share barometer index of Bombay Stock Exchange, Sensex closed at 29620.5, down by 26.92 points or by 0.09 per cent, while the NSE Nifty ended flat at 9173.75.
During the day’s trade, the BSE Sensex touched intraday high of 29687.64 and intraday low of 29552.6, while the NSE Nifty touched intraday high of 9191.7 and intraday low of 9152.1.
The top losers of the BSE Sensex pack were Axis Bank Ltd. (Rs. 490.80,-1.65%), ICICI Bank Ltd. (Rs. 277.10,-1.53%), HDFC Bank Ltd. (Rs. 1442.30,-1.47%), Housing Development Finance Corporation Ltd. (Rs. 1500.00,-1.37%), ITC Ltd. (Rs. 279.55,-1.08%), among others.
On the flip side Reliance Industries Ltd. (Rs. 1319.20,+3.93%), NTPC Ltd. (Rs. 165.95,+1.59%), Larsen & Toubro Ltd. (Rs. 1577.60,+1.28%), Maruti Suzuki India Ltd. (Rs. 6024.30,+1.18%), Tata Steel Ltd. (Rs. 482.65,+0.94%), were among top gainers on BSE.
On the sectoral front, bank and realty stocks emerged as top losers, falling as much as 0.73 per cent and 0.53 per cent, respectively.
The market breadth, indicating the overall strength of the market, was strong. On BSE out of total shares traded 3139, shares advanced were 1707 while 1189 shares declined and 243 were unchanged.