Metals and Cement stocks drag markets - Microsec

On Monday it was an extremely volatile trading session as the market closed in red dragged by metals and cement stocks mainly.

Nifty closed at 5698.50 down by 21.20points or 0.37% over the previous day closing of 5719.70 after witnessing a low of 5663.60 and a high of 5712.00. Sensex closed at 18877.96 down by 40.56 points or 0.21% over the previous day closing of 18918.52.It touched an intraday low of 18760.41 and high of 18930.86.

The markets' breadth was negative. Out of 2928 stocks traded 860 stocks advanced, 1958 stocks declined and 110 stocks remained unchanged. In Sensex, Out of 30 stocks 11 stocks advanced 18 stocks declined and 01 stock remain unchanged.

Among the sectors, BSE Metal ,BSE Realty and BSE Consumer Durables were the main losers of the day, which decreased by 2.54%, 2.25% and 2.15% respectively. In BSE Metal sector Hindalco, SAIL and Jindal steel, decreased by 4.55%,4.47% and 4.26% respectively. In BSE Realty sector Anantraj , Indiabulls Real estate and DLF declined by 6.73%,5.09% and 3.39% respectively. In BSE Consumer Durables sector Bajaj Electr, Rajesh Exports and Titan Inds decreased by 3.54%, 3.33% and 3.27% respectively.

Source : Equity Bulls

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