Moneycontrol
Jan 09, 2013 04:12 PM IST | Source: Moneycontrol.com

Nifty ends below 6000; two-wheeler makers fall

Key equity benchmarks fell on Wednesday as two-wheeler makers such as Bajaj Auto retreated after an industry body cut its estimates for motorcycle sales, while software services exporters such as Tata Consultancy Services fell ahead of upcoming earnings results.


Moneycontrol Bureau


Key equity benchmarks fell on Wednesday as two-wheeler makers such as Bajaj Auto retreated after an industry body cut its estimates for motorcycle sales, while software services exporters such as Tata Consultancy Services fell ahead of upcoming earnings results.


The Sensex ended the day down 87.12 points at 19655.40, while the Nifty closed down 30.80 points at 5970.90.


Railway stocks rallied after the Railways Minister announced hike in fares from January 21. However, he added, there will be no increase in fares in February rail budget. The fare hike will yield Rs 66 billion in revenues.


Railway stocks rallied after the Railways Minister announced hike in fares from January 21. However, he added, there will be no increase in fares in February rail budget. The fare hike will yield Rs 66 billion in revenues.


Stocks like Texmaco Rail, Kalindee Rail and Kernex Microsystems went up anywhere between 2 and 4 percent.


PSU oil companies like BPCL, HPCL, IOC, ONGC and GAIL gained 1-5 percent after sources say oil companies may be allowed to sell diesel to bulk buyers at market rate.


Tata Motors hit a record high of Rs 329.90 closed up 4 percent after upgraded by Credit Suisse and CLSA.


Infosys fell 0.56 percent ahead of third quarter earnings on Friday.

The BSE Metal, Capital Goods and FMCG indices declined more than 1 percent. Metals stocks lost shine for the second consecutive day.

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