Sensex sheds 74 points but Realty gets a boost

MUMBAI (Makemystocks): Markets opened gap-up amid mixed global cues. Markets witnessed sharp volatility in opening session. Indices after made fresh three month high sell off dramatically in first hour of trade. Profit booking was witnessed in IT and Financial stocks.

Sensex shaded 250 points from high point of the day. Markets held the morning low and traded choppy and range bound throughout the day. Stock specific activity was seen in Midcap and Smallcap stocks. Realty stocks witnessed strong buying despite Sensex closed in negative territory.

Markets breadth remained positive back of value buying in Midcap and Smallcap stocks. Both the indices closed with gain of 0.47% and 0.78%.

BSE Sensex closed at 19612.20 with the loss of 74.62 points and at NSE Nifty closed at 5891.75 with the loss of 18.30 points at the end of the day. BSE MIDCAP index closed at 7193.87 with the gain of 33.46 points and BSE SMALLCAP index closed at 8786.94 with the gain of 68.22 points.

In percentage terms key losers were Cairn India Ltd (NSE: CAIRN), Wipro Ltd (NSE: WIPRO) and Tata Consultancy Services Ltd (NSE: TCS) while key gainers were Sesa Goa Ltd (NSE: SESAGOA), GAIL (India) Ltd (NSE: GAIL) and Hero Honda Motors Ltd (NSE: HEROHONDA).

On sectoral front profit booking was seen in IT, Banking & Financial, Metal and Capital Goods sectors while buying was seen in Realty, Auto and Oil & Gas sectors. Market breadth on BSE remained positive were 1786 advances against 1160 declines stocks.

From the perspective of weight in Nifty key losers were ICICI Bank Ltd (NSE: ICICIBANK), Tata Consultancy Services Ltd (NSE: TCS) and Bharti Airtel Ltd (NSE: BHARTIARTL) while key gainers were Tata Motors Ltd (NSE: TATAMOTORS), GAIL (India) Ltd (NSE: GAIL) and NTPC Ltd (NSE: NTPC).