Volatile day for market, IT stocks take a hit

Mumbai: It was once again a day of consolidation on the bourses on Wednesday where in the markets opened on bullish note taking strong cues from the global peers. The markets traded extremely volatile through the day and closed in red with significant cuts.

It was extremely bad for the IT stocks which got butchered on account of further strengthening of rupee and the banking and realty stocks also lost some ground. However, the oil and gas, metal and capital good stocks were in focus today. BSE Oil & gas index closed with over 2% gain and Reliance Industries lead from the front.

The Sensex ended down 110.84 points or 0.57% at 19289.83, and the Nifty closed down 4.15 points or 0.07% at 5782.35. About 1180 shares have advanced, 1781 shares declined, and 102 shares are unchanged on BSE. On NSE 401 stocks advanced today and 786 stocks declined.

Top Sensex gainers were Reliance, BHEL, SBI and M&M. Top Sensex losers were Infosys, HDFC Bank, Satyam and ICICI Bank.

BSE midcap ended at 7,985.96 down 29.34 points or 0.37%. BSE smallcap closed at 9,695.13 down 107.90 points or 1.10%.

BSE auto index ended at 5,295.39 up 18.15 points or 0.34%. Amtek Auto, M&M and Maruti Suzuki were the top gainers in this counter.

BSE bankex ended at 10,620.22 down 166.29 points or 1.54%. HDFC Bank, Canara Bank and ICICI Bank were among the top losers in this space.

BSE capital goods index closed at 19,738.36 up 41.07 points or 0.21%. Triveni Eng, BHEL, Kirloskar were the top fliers in this space.

BSE FMCG index ended at 2,010.22 down 16.23 points or 0.80%. Marico, Bata India and HUL were the top losers.

BSE pharma index closed at 3,866.54 down 12.19 points or 0.31%. Panacea Biotech, Aurobindo Pharma, Novartis India and Divis Labs were the top losers.

BSE IT index ended at 4,343.42 down 197.27 points or 4.34%. Infosys, Tech mahindra and Mphasis were the top losers.

BSE metal index closed at 17,367.72 up 161.66 points or 0.94%. Sterlite, Jindal Saw and Sesa Goa were top gainers.

BSE oil & gas index ended at 11,688.18 up 298.97 points or 2.63%. GAIL, Reliance and HPCL were the top gainers.

BSE realty index closed at 10,291.09 down 109.99 points or 1.06%. Puravankara Project, Indiabulls Realestate, Sobha Developers were the top losers.