Apr 04

Daily Equity Market Report – April 4, 2013

Indian market benchmark indices Sensex shed around 500 points and Nifty tanks 175 points in two successive trading sessions. Today itself SENSEX closes at 18509.70, down by 292 points while NIFTY ended at 5574.75, down by 98.15 points. The benchmark indices breached their 200 DMA first time since August 2012.

Nifty opens below its previous day close tracking weak global cues. Indian market witnessed the selling pressure of FIIs. Political uncertainty and weak economic data puts indices under pressure.

Most of the sectoral indices traded in negative zone. Sector-wise CNX Realty index is biggest loser followed by IT and service sector. Realty trading down by 3.45%, IT and service sector down by 2.74% and 2.17% respectively.

Out of 50 shares of nifty index, 43 shares ended in red and 7 in green.

Top Five Nifty gainers: Dr. Reddy is the biggest gainer (3%) of the day followed by Coal India, HUL, Maruti and Tata Motors.

Top Five Nifty Losers: UltraTech cement fell down by 6.45% as the biggest loser of the day. JP Associates, Jindal steel, HCL and Reliance Infra followed the losing streak.

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