Nifty down 47 points at 5939 - LuvKush Finserve

Markets ended lower on Monday, amid weak global cues, weighed down by profit taking in oil and gas shares alongwith banks and autos. The Sensex ended at 19610 down 150 points. Nifty ended down 47 points at 5,939.

Investors sold riskier assets amid concerns over slowing growth after country’s factory output shrank for the first time in over four years at 50.1. BSE oil & gas index shed 1.8% at 8,496. BSE power, consumer durables and capital goods indices dropped around 1% each.

On the other hand, BSE IT index managed to hold on to gains and traded up 1% at Rs 6,126. Shares of Maruti Suzuki were down 2.3% at Rs 1,570 after the company announced the total sales nos. M&M gained 0.8% at Rs 973 after its tractor sales rose 24.24%.

Infosys surged over 4.4% at Rs 2,514 after the board appointed NR Naryana Murthy as executive chairmacn for a period of five years. CIL ended flat at Rs 326 after it said that it produced 34.5 million tonnes (MT) of coal in May, missing its target of 36.5 MT for the month.

Bajaj Auto reported 5.32% decline in its motorcycle sales at 3,04,780 units in May 2013. Bajaj Auto dropped 3.3% at Rs 1,762. Crisil Ltd surged by their daily limit of 20% after McGraw Hill Financial Inc offered to increase its stake in the company to 75% from 52.77%.

Source : Equity Bulls

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