Sensex touches lowest level in 4 months - LuvKush Finserve

Markets ended lower on Monday with Sensex touching its lowest level in four months as investors remain concerned over the fate of Congress-led UPA government amid lack of support from its key political allies. Reflecting the frail sentiments, Sensex ended down 54.18 points at 18,681.42, its lowest level since November 27 while Nifty fell 17.50 points at 5,633.85.

Real-estate, consumer durables, power sectors gained while capital goods, metal, banks, auto and FMCG were among the laggards on BSE.

Blue-chip stocks such as ITC, ICICI Bank, SBI, Infosys and Bharti Airtel shed 0.5-2% on BSE. The other key losers were Maruti Suzuki, Mahindra & Mahindra and Bajaj Auto declining nearly 1% while Sterlite and Hindalco Industries ended down 1-1.5% today.

The gainers were ONGC surging 3.5%, HDFC rose 1%, NTPC added 1.5% while Reliance Industries and HUL were up 0.2% each on BSE. The other notable movers included, Nestle India which dropped 2% at Rs 4,610 after the company increased its royalty rate to 4.5%. The broader markets dropped with mid-caps and small-caps shedding 0.4-0.7% on BSE.

Source : Equity Bulls

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