Indian Markets end lower due to profit booking
The benchmark indices ended on huge profit-booking as selling was witnessed across the board. Metal, banking, realty and infrastructure stocks were the major draggers in today's session. The benchmark index ended near the day's low after touching an intraday low of 14,604, before closing the session at 14,665 down 438 points or 2.9%.
The NSE Nifty shut at 4430 down 3.42% or 157 points, after seeing a low of 4404. Among the broader indices both the CNX midcap and BSE smallcap indices were under pressure, the BSE smallcap index plunged 5.8 % while the CNX midcap index fell 4.75 %. All the sectoral indices declined barring IT.
The breadth remained in favour of declines and the Nifty June future ended with a 10 points discount.
Movers & Shakers
Among the sectors, realty was the hardest hit, with the BSE realty index down over 10 %. DLF, Unitech, OMAXE, IBrealestate and Orbit Corp were down 10-14%.
The Metal indices were down 4%. Hindalco, STER, Tatasteel and JSW Steel were down 3-13%.
The banking indices were down 6 %. Axis Bank, SBI, ICICI Bank and PNB were down 4-7%.
The IT index was up 1.5 % among the BSE sectoral indices. Infy, Wipro and TCS were up 2-3 %.
Among the FMCG, ITC down 4% and Hindlever was up 0.10%.
Among the Sensex stocks, DLF, Tata Steel and JP Associates plunged over 10 % each.