After opening on a positive note Indian equity witnessed the negative momentum but manage to recoup its morning gain in last trading hours. Broad-based index Nifty test the Physcological level of 8300 and touched the intra-day high of 8303.30 before closing at 8,284.50, up by 49.90 points. Sensex closed at 27,458.38, up by 467.38 points.

Infosys Ltd, India’s second-largest software services exporter surged after beating the analysts estimates with net profit rising 5% by posting a quarterly profit of Rs 3,250 crore ($520.9 million), up from Rs 2,875 crore in the same year-ago quarter.

The rupee strengthened by 35 paise at over four-week high of 62.29 against the dollar today at the Interbank Foreign Exchange on sustained selling of the US currency by exporters and banks amid higher opening in the domestic equity market. USDINR Pair ended the day at 62.39, plunging -0.46%.

Among the sectoral indices CNX IT hold the baton and marched ahead of all gaining by 3.46%, chased by CNX PHARMA (1.83%) and CNX ENERGY (1.16%). While CNX REALTY was the worst performer by plunging -1.74%.

Market breadth remained Negative at the close today as 701 stocks falls against 504 advance while 43 remained unchanged.

Out of 50 stocks of Nifty, 24 advanced and 26 declined.

Top Five Nifty gainers: HUL led the Nifty Gainers list and registered 5.85% gain followed INFOSYS (5.16%), TECH MAHINDRA (4.54%), DR REDDY (3.02%) and TCS (2.71%).

Top Five Nifty Losers: DLF was the biggest loser and fell by -3.61% followed by NTPC (-3.24%), BAJAJ AUTO (-3.08%), JINDAL STEEL (-2.85%) and BOB (-2.03%).

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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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