Market Today

Indian equities potrayed a good recovery show at the fag end of the session, though it closed marginally lower. Buying was seen in realty and health care stocks. On the other hand, IT and Metal stocks witnessed selling spree.

Major gainers in the sectoral indices were BSE Realty (2.15%), Health Care (1.31%) and Auto (0.36%). Meanwhile, BSE IT (1.78%). Metal (1.63%) and Oil&Gas (0.63%) were major losers in the sectoral indices.

BSE Midcal and Smallcap stocks too moved up smartly gaining 0.28% and 0.47% respectively.

On the global front, Asian stocks fell for the first time in three days and Chinese shares entered a so-called correction, amid concern a rally in equities had outpaced earnings prospects. Japanese benchmark index Nikkei fell 150.46 points, or 1.42%, to end at 10,435 meanwhile Hong Kong`s Hang Seng index declined 638.97 points, or 3.03%, to close at 20,435.24. On the other hand, China`s Shanghai Composite lost 152.01 points, or 4.66% to settle at 3,112.72.

European however traded positive at the time of close, UK`s benchmark index FTSE 100 gained 24.26 points, or 0.52%, to trade at 4,695.60 while French benchmark index CAC 40 gained 17.757 points, or 0.51%, to trade at 3,473.93. Germany`s benchmark index DAX climbed 34.76 points, or 0.66% to trade at 5,320.57.

The Sensex ended the day with a loss of 54.43 points, or 0.36% at 15,020.16 after touching a high of 15,043.62 and a low of 14,701.05. The broad-based NSE Nifty declined 13.85 points, or 0.31% at 4,457.50 after hitting a high of 4,473.80 and a low of 4,359.40.

Major gainers in the 30-share index were Bharti Airtel (5.84%), Tata Motors (4.41%), D L F (2.91%), Jaiprakash Associates (2.73%), Sun Pharmaceutical Industries (2.73%), and H D F C Bank (1.64%).

On the other hand, Tata Steel (4.20%), Tata Consultancy Services (4.11%), Hindustan Unilever (2.32%), Infosys Technologies (1.87%), Hindalco Industries (1.85%), and Oil & Natural Gas Corporation (1.82%) were the biggest losers in the Sensex.

Overall market breadth was marginally negative. Out of the total 2,681 shares traded at BSE, 1,214 advanced, 1,368 declined while 99 remained unchanged