Indian Markets slumped for fourth straight session on Monday - LuvKush Finserve

Markets slumped for fourth straight session on Monday as investors braced for the central bank meeting with caution. The Sensex ended lower 154.91 points at 19,593.28 and the Nifty declined 54.55 points at 5,831.65 levels.

Among the key sectoral indices, FMCG, metal, PSU, realty, bankex, power indices dropped while auto sector gained on the BSE.

The gainers included counters such as Wipro surging 6%, Jindal Steel gained 5%, Sun Pharma rose 2%, Tata Motors and Hero MotoCorp gained 2.2% and 0.5% respectively on the BSE.

The laggards were Hindalco and Sterlite Industries dropping 4% and 3.6% respectively, HUL fell 3.7%, Coal India declined 3.2% while Dr Reddy's shed 3.6% on the BSE.

The broader markets ended lower with mid-caps and small-caps falling over 1 per cent on the BSE. Godfrey Phillips India surged 6.6% to Rs 2,783 after reporting more-than-double net profit before exceptional items at Rs 59 crore for the quarter ended June 30, 2013 (Q1) on back of healthy operational performance. The company had a profit of Rs 28 crore during year ago quarter.

Source : Equity Bulls

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