Key benchmark indices ended with small losses on first trading day of the week. The barometer index, the S&P BSE Sensex, fell 46.17 points or 0.18% at 25,822.32, as per the provisional closing data. The Nifty 50 index fell 7.30 points, or 0.09% to 7,849.25, as per the provisional closing data. The losses for the Sensex were higher in percentage terms than those for the Nifty. Trading session was volatile as key indices reversed initial gains to hit intraday low in mid-afternoon trade only to cut losses in late trade.
The market breadth indicating the overall health of the market was positive. On BSE, 1,485 shares rose and 1,175 shares fell. A total of 182 shares were unchanged. The BSE Mid-Cap index was provisionally up 0.36%. The BSE Small-Cap index was provisionally up 0.46%. Both these indices outperformed the Sensex.
The total turnover on BSE amounted to Rs 2710 crore, lower than turnover of Rs 2940.11 crore registered during the previous trading session on Friday, 20 November 2015.
Shares of state-run gas transmission and distribution firm GAIL (India) jumped 4.82% to Rs 365.60. The stock hit a high of Rs 369 and low of Rs 344 in intraday trade.
Index heavyweight and cigarette major ITC dropped 1.79% to Rs 338.25. The stock hit a high of Rs 344.85 and low of Rs 336.30 in intraday trade.
Metal and mining stocks declined. Tata Steel (down 2.44%), Steel Authority of India (Sail) (down 1.01%), JSW Steel (down 1%), National Aluminium Company (down 0.13%), Jindal Steel & Power (down 1%) edged lower. Hindustan Zinc (up 0.32%), Hindustan Copper (up 0.46%) and NMDC (up 0.93%) rose.
Adani Ports and Special Economic Zone (up 2.32%) and Asian Paints (up 2.7%) gained. Vedanta (down 3.06%) and Hindalco Industries (down 3.56%) declined. Adani Ports and Special Economic Zone and Asian Paints will replace Vedanta and Hindalco Industries as constituents of the 30-share S&P BSE Sensex with effect from 21 December 2015.
In overseas markets, European stocks declined after the release of mixed economic reports from Germany and France. Asian markets fell as commodity producers tracked a slide in industrial metals and crude oil. Japanese markets were closed for the Labor Thanksgiving Day holiday. US markets ended with gains on Friday, 20 November 2015 led by a rally in healthcare, consumer and technology stocks.
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