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Feb 08, 2013, 04.54 PM IST
BSE benchmark Sensex ended 95 points down at 19484.77 and NSE Nifty lost 35.30 points to close at 5903.50.
The cement duo — ACC and Ambuja Cements — performed miserably on the bourses, they lost 5.2 percent and 3.02 percent respectively. Hindaclo was a big loser; the stock wiped out 3.18 percent to trade at Rs 109.75 after it announced a ho-hum quartely numbers. Sterlite and Sesa lost 3 percent and 2.5 percent each. Despite good numbers, first by Sun Pharma and later by Mahindra and Mahindra, the mood in the market could not be reversed. Both ended in the red.
In the midcap space, Jet Airways moved up 1.46 percent as Etihad completed due diligence. Other gainers include Essar Oil, Strides Arcolab and Bajaj Electric. On the losing side, Jain Irrigation and Manappuram finance stand as biggest losers of the week. Srei Infra lost a lot of ground on news that the company has sold its KFA loan to Diageo.
Key equity benchmarks turned positive after a flat start to trade. The BSE Sensex is up 44.36 points or 0.23 percent at 19624.68, and the Nifty up 4.75 points or 0.08 percent at 5943.55.
Investors woke up to a flat Friday morning. At 09.24 AM, the Sensex was up 29.36 points at 19609.68, and the Nifty moved ahead 6.80 points to touch 5945.60.
May 21 2013, 13:56
- in Results Boardroom
May 21 2013, 11:05
- in MARKET OUTLOOK