Markets end lower on F&O expiry - LuvKush Finserve

Markets ended lower on Thursday following expiry of January derivatives contracts as investor's booked profits in index heavy-weights coupled with looming concerns over global growth slowdown after weak economic data from US and Germany.

The Bombay Stock Exchange's Sensex fell 110.02 points and ended at 19,894.98 while the National Stock Exchange's Nifty fell 21 points to end at 6,034.75.

In the results calendar, Adani Enterprises, BHEL, Corporation Bank, Bharti Airtel, Jet Airways, Karur Vysya Bank, Marico, MCX, TVS Motor are scheduled to announce third-quarter results on Feb 1, 2013.

Consumer durables, PSU, real-estate, FMCG rose while banks, metals, IT, oil & gas, technology sectors declined on BSE.

Among key Sensex stocks, BHEL gained 2.5%, GAIL rose 1.6%, Coal India rose 0.8%, ITC was up 1.4%, Sun Pharma gained 1% on BSE.

Among losers, Sterlite Industries and Jindal Steel dropped 1%, Tata Power dropped 2.4%, Bharti Airtel fell 2%, ICICI and HDFC Bank shed 2%, Reliance Industries was down 1.4%, Larsen & Toubro shed 1.4% on BSE.

DLF gained 2% after realty giant said it has sold the 150MW wind turbine project in Gujarat to Bharat Light and Power for Rs 282.30 crore as part of its strategy to exit from non-core businesses. The broader markets ended mixed with mid-caps gaining 0.7% while small-caps shed 0.1-0.1% on BSE.

Source : Equity Bulls

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