Benchmark indices extend loss on Friday - LuvKush Finserve

Benchmark indices extended losses on Friday weighed down by profit taking in index heavyweights Reliance Industries and Infosys. The Sensex ended at 19,468 down 29 points or 0.15% and the Nifty ended at 5,887 down by 10 points or 0.16%. The Sensex and the Nifty reached an intra-day low of 19,382 levels and 5,854 mark respectively. BSE Oil & Gas and IT indices plunged by almost 1% each.

However, BSE Auto, Banks and FMCG indices ended slightly positive. Dr Reddy's Lab was the top Sensex loser, down nearly 4%. Metal shares like Tata Steel, JSPL and Hindalco fell by 1%.Auto shares like Bajaj Auto, M&M and Maruti Suzuki declined between 1-2%. Auto space declined as media reports that petrol and diesel prices are likely to be hiked and on account of muted auto sales volumes.

On the gaining side, Tata Motors was the top Sensex gainer, up nearly 2.5%.Tata Power, Bharti Airtel, Sterlite and Tata Power ended higher between 1-2%. Suzlon Energy dipped 9% after reporting its biggest ever quarterly loss of Rs 1,155 crore for the third quarter ended December 2012 (Q3) due to liquidity constraints. BSE Midcap index gained by 0.28% whereas BSE Smallcap index ended down 0.64%.

Source : Equity Bulls

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