Markets end marginally lower on Monday - LuvKush Finserve

Markets ended marginally lower on Monday, amid a range bound trading session, after investors booked profits in index heavyweights ahead of the January IIP data. The Sensex ended down 37 points 19,646 and the Nifty ended down 3 points at 5,942.

Rate sensitive sectors, except for realty, which gained last week witnessed profit taking at higher levels. Consumer Durables was the top sectoral loser on the BSE down 1.3% followed by IT, Metal, oil&Gas, Auto and Bankex. Realty Index extended gains and was the top gainer up 1.3% on hopes of revival of new home sales post the Budget benefit of additional tax exemption of Rs 1 lakh on new home loans up to Rs 25 lakh. Software shares such as TCS and Wipro which had surged nearly 6% last week also witnessed profit taking along with Infosys. Infosys, Wipro and TCS ended down 1-1.4% each.

Auto shares witnessed profit taking on reports that domestic passenger car sales declined by 25.71% to 158,513 units in February, the biggest fall in more than 12 years and the fourth consecutive monthly slide. Tata Motors, Hero MotoCorp, Bajaj Auto, Maruti Suzuki ended down 0.6-2.5% each. The broader markets ended marginally higher. The BSE Mid-cap and Small-cap indices ended up 0.2-0.3% each.

Source : Equity Bulls

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