Poor weather today affected the Indian share market. For the first time in the last four years there will be below normal rainfall in the monsoon season. This will affect the country’s agricultural sector which could result into poor demand and high food prices. The profit booking is continuing and it is affecting the market. At the last hour of the trade, the market observed losses.
The Nifty index of the National Stock Exchange went down 51.1 points and closed at 4241.85 points; a drop of 1.19%. It observed an intra-day high of 4337.95 points and a low of 4221.15 points.
At NSE the major gainers are:
- Unitech 6.03%
- HDFC Bank 3.4%
- ICICI Bank 2.79%
- Grasim Industries 2.49%
- HCL Technologies 2.3%
Companies who observed losses at NSE are:
- Tata Motors 5.95%
- Cipla 4.38%
- Mahindra & Mahindra 3.22%
- HCL Technologies 3.19%
- Reliance Power 3.06%
At BSE, share prices of 1411 companies advanced and 1220 declined and 78 remained unchanged.
On the other hand, the Sensex of BSE went down 0.53% or 77.11 points at 14,345.62. It observed an intraday high of 14,578.46 points and low of 14,261.14 points. BSE Midcap Index went down 0.2% and BSE Smallcap Index dipped 0.45%.
BSE auto index fell 2.2%, BSE oil and gas index fell 2.1% and power index fell 1.4%. Tata and Escorts shares saw the biggest fall. Each of the companies share prices went down by more than 5%. Maruti Suzuki share prices went down 3.1% to Rs.1,026. Shares of Aban Offshore, Essar Oil and HPCL were big losers.
Realty and Banking stocks observed gains today at BSE. The BSE realty index rose 0.5% and banking index advanced 0.4%.