Nifty slips in red; banks, tech, metals decline

The Nifty failed to hold on to intraday gains and slipped in the negative terrain on Tuesday as profit booking picked in banks, technology, metals and realty stocks. At 02:45 p.m., the 50-share index was at 5,928.25, down 11.05 points or 0.19 per cent. It touched a high of 5,981.60 and a low of 5,926.75 in trade today. The Sensex was at 19,575.53, down 34.95 points or 0.18 per cent. It touched a high of 19,742.70 and a low of 19,569.71 in trade today. The S&P BSE Midcap Index was up 0.07 per cent and the S&P BSE Smallcap Index gained 0.41 per cent. The S&P BSE Healthcare Index was up 1.40 per cent, the S&P BSE Capital Goods Index was 0.70 per cent higher and the S&P BSE Auto Index advanced 0.32 per cent. The S&P BSE Bankex was down 0.61 per cent, the S&P BSE IT Index was 0.47 per cent lower and the S&P BSE Metal Index declined 0.45 per cent.

Axis BankBSE -2.41 % (2.29 per cent), Sesa Goa (2.24 per cent), Jindal Steel (2.22 per cent), State Bank of IndiaBSE -2.11 % (1.68 per cent) and HDFC (1.56 per cent) were among the top index losers. Ranbaxy LaboratoriesBSE 4.42 % (4.03 per cent), CiplaBSE 1.83 % (2.45 per cent), Lupin (1.96 per cent), Dr Reddy's Laboratories (1.65 per cent) and L&T (1.53 per cent) were among the major Nifty gainers. The market breadth was positive on the NSE with 768 gainers against 472 losers. Foreign institutional investors sold shares worth Rs 86.67 crore while domestic institutional investors sold equities worth Rs 71.81 crore on Monday as per the provisional data from the National Stock Exchange.

Source : Economic Times