Indian Markets end sharply lower on Tuesday - Microsec

Indian markets ended sharply lower on Tuesday after the RBI increased short-term borrowing costs to support rupee from falling further. Realty, banking, capital goods and metal led the decline.

Nifty closed at 5955.25 down by 75.55points or 1.25% over the previous day closing of 6030.80 after witnessing a low of 5966.05 and a high of 5930.80. Sensex closed at 19851.23 close by 183.25 points or 0.91% over the previous day closing of 20034.48.It touched an intraday low of 19649.58 and high of 19890.63.

The markets' breadth was negative. Out of 2432 stocks traded 873 stocks advanced, 1421 stocks declined and 138 stocks remained unchanged. In Sensex, Out of 30 stocks 13 stocks advanced and 17 stocks declined.

Among the sectors, BSE Realty, BSE Bankex and BSE Capital goods were the main losers of the day which decreased by 5.84%, 4.83% and 2.23% respectively.

In BSE Realty sector, Indiabulls Real Estate, DLF, and Oberoi Realty decreased by 9.74%,7.73% and 7.17% respectively. In BSE Bankex Yes Bank, Canara Bank and Colgate Palmolive declined by 9.78% 8.64% and Indusind Bank 7.97% respectively. In BSE Capital Goods sector, L&T , Punj and Jindal Saw decreased by 3.42% 3.58% and 2.96% respectively.

Source : Equity Bulls

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