| Investors sold FMCG, auto, oil and banking counters, which were among the biggest losers on the day. Select buying was seen in consumer durables and capital goods scrips. |
| In the BSE Sensex basket, 23 out of the 30 scrips closed lower. The breadth of the market was negative, with losers outpacing gainers 2:1 on the BSE. |
| Brokers said that institutional selling dragged the market down today. A dealer from Parag Parikh Securities said, "Some institutional selling was seen today but domestic investors continued to stay away as most players are waiting for the Union Budget before taking big calls." |
| Market watchers said that foreign investors are involved in some 'big' bulk deals, mostly among themselves, leading to the large volumes. |
| The BSE Sensex hit a high of 6714.13 and a low of 6580.97 in intra-day trades before closing at 6607.78, down 62.28 points (0.93 per cent) from Tuesday's close. |
| Volumes were higher than on Tuesday in the cash segment of the bourses; the BSE reported a turnover of Rs 2291.54 crore and the NSE reported a turnover of Rs 5104.33 crore. |
| HLL was the biggest loser in the Sensex basket, down 5.36 per cent to Rs 143.90, Maruti Udyog fell 3.89 per cent to Rs 471.40, Tata Motors was down 2.93 per cent to Rs 491.80, |
| Satyam Computer fell 2.34 per cent to Rs 406.40 and Bharti Tele-Ventures fell 2.32 per cent to Rs 214.75. |
| Tata Steel was the biggest gainer in the Sensex basket, rising 1.18 per cent to close at Rs 406.50, followed by Hindalco, up 1.08 per cent to Rs 1384.85, L&T gained 1 per cent to Rs 1012.90, BHEL was up 0.90 per cent to Rs 858.80 and SBI gained 0.35 per cent to Rs 663.60. |
| Strong buying support from foreign funds has helped the market record a big rally but the undertone of the market is cautious as a lack of active domestic participation has raised concerns, market players said. |
| Foreign institutional investors were net buyers of Indian shares worth Rs 604 crore today as per data from the Sebi website. |
Top Section
Explore Business Standard