Mumbai: The Nifty took a breather on Thursday after three days of a stellar rally that pushed the benchmark index to six-month high of 5540. A gush of liquidity or Hot Money as we call it, of close to USD 4 billion, has made its way into the Indian market so far. The investor's appetite towards risky assets has also improved over the past two months.
The hopes of rate cut also picked up steam after inflation moderated to two-year low of 6.55 per cent.
The Sensex was down 48.42 points or 0.27 per cent at 18153.99, and the Nifty was down 10 points or 0.18 per cent at 5521.95.
About 1624 shares advanced, 1280 shares declined, and 495 shares remained unchanged.
Realty, power and capital goods stocks were on buyer's radar on Thursday. Metal, Oil&gas and consumer durable stocks ended in red.
Top gainers on the Sensex were Jindal Steel at Rs 639.95 up 4.94 per cent, Hero Motocorp at Rs 2,188.65 up 4.57 per cent, SBI at Rs 2,349.05 up 4.38 per cent, Maruti Suzuki at Rs 1,357.20 up 4.10 per cent and Bajaj Auto at Rs 1,812.65 3.81 per cent.
Top losers on the Sensex were Coal India at Rs 321 down 5.44 per cent, Hindalco at Rs 154.65 down 4.71 per cent, Sterlite Ind at Rs 129.15 down 4.16 per cent, Tata Motors at Rs 275.90 down 3.67 per cent and Tata Steel at Rs 479.15 down 3.23 per cent.
Substantial decline was witnessed in Coal India counter on reports of PMO directing the company to sign fuel supply agreements (FSAs) with power plants. Power companies like PFC and REC gained on the same news.
DB Realty, TV18 Broadcast, IFCI, Shipping Corp, Hind Nat Glass, Network 18, Provogue, Swan Energy, BharatiShipyard and Sasken Comm were star performers.
Voltas, S Mobility, Shree Global, Vaarad Ventures, Sunteck Realty, KGN Enterprises, LGS Global, Techno Electric, Prakash Constro and Poly Medicure were laggards.
Most active shares on BSE were SBI, Reliance, Reliance Comm, Reliance Power and IFCI.
Top percentage gainers on the BSE - Zen Tech, De Nora India, Network 18, Cantabil Retail and Swan Energy were up 20 per cent each.
Top percentage losers on the BSE - Ashika Credit, Alfa Transforme, Samrat Pharma, Vimal Oils and KGN Enterprises were up 8-11 per cent.
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