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Post-market: Negativity prevails; markets end lower for 2nd day


Indian indices


The Sensex opened higher by 11 points at 20510, making such level its day?s high. The Sensex immediately turned negative and remained in the negative zone all through the morning session owing to selling pressure in rate sensitive stocks. The Sensex fell sharply in the afternoon session, hitting the day?s low of 20244 led by weak European markets and all-round selling.
To close the session, the Sensex shut shop at 20301, down by 198 points and the Nifty fell 67 points at 6080. 

Profit booking led to a fall in the Indian markets for the second consecutive day. The sell-off in banks, auto, metal, realty and capital goods companies' shares pulled down the markets. The Nifty slipped below the 6100 mark in the second half of trade, especially after a fall in global markets. Weak global cues also weighed on the Indian markets.

The broader indices too slipped around 1% each. However, buying continued in ITC, Tata Consultancy Services, Sun Pharmaceuticals Industries, Hindalco Industries, HCL Technologies, Tata Power, Wipro, GAIL, Reliance Power and Dr Reddy's Laboratories. 

In the financial space, ICICI Bank and Housing Development Finance Corporation fell nearly 3% each. Axis Bank, HDFC Bank, State Bank of India, Punjab National Bank and Kotak Mahindra Bank were down 1.7-3%. DLF from the realty pack declined over 3%. In the Mid-cap space, Jindal Saw, KGN Industries, Shriram City, Eicher Motors and Bayer Cropscience were up 1.9-5.4%, while Anant Raj Industries, GSFC, Syndicate Bank, Stride Arcolab and Amtek Auto fell in the range of 4-5.4%.

Market sentiment


The market breadth was in favour of the declines for the second straight day. Out of the 3,068 stocks traded on the BSE, 1,864 fell while 1,020 gained. Hundred and eighty-four stocks traded unchanged.

Viewing volumes

Infrastructure firm ? Lanco Infratech was the most traded scrip, with over 1.45 crore shares changing hands on the BSE, followed by wind turbine major - Suzlon Energy (0.54 crore shares), government fertilizer firm ? Rashtriya Chemicals (0.24 crore shares), oil exploration firm ? Hindustan Oil Exploration (0.24 crore shares) and industrial finance company - IFCI (0.24 crore shares).

Sectoral & stock screening


Barring Fast Moving Consumer Goods (rose by 0.72%) and Information Technology (surged by 0.34%), rest of the sectors ended lower. BSE Bankex was the top loser for the second straight day, down by 2.19%, followed by BSE Realty down by 2.03% and BSE Auto slipped by 1.95%.

Looking into 'A' group stocks, Jindal Saw was the star performer gaining by 7.24%, followed by Mundra Port & Special Economic Zone up by 6.27% and MMTC advanced by 5.16%. Among losers, Rashtriya Chemicals slid the most by 5.46%, followed by Hindustan Copper down by 4.76% and Apollo Tyres slipped by 4.75%.
Global signals



European shares extended losses ahead of Portuguese treasury bill auctions and US ADP employment data, with chemicals and mining shares featuring among the top decliners.

The major Asian markets ended the session mixed. Indices like Shanghai Composite, Nikkei and Kospi ended in red, while Hang Seng, Jakarta Composite and Straits Times ended in green.

The US stock futures indicate lower opening on the Wall Street. ADP Employment report and the ISM Non-manufacturing Index will be in focus.
 Infrastructure firm ? Lanco Infratech was the most traded scrip, with over 1.45 crore shares changing hands on the BSE, followed by wind turbine major - Suzlon Energy (0.54 crore shares), government fertilizer firm ? Rashtriya Chemicals (0.24 crore shares), oil exploration firm ? Hindustan Oil Exploration (0.24 crore shares) and industrial finance company - IFCI (0.24 crore shares).