Both Indian Share Market Index closed on the red note today. BSE Sensex ended today's session 180 points lower at 20,425 while NSE Nifty closed at 6,059 down 56 points from it's previous close. Crude Oil recovered from it's yesterday's bearish trend. Due to Mixed asian cues and weakened Rupee markets opened on the flat side. Sensex fell by more than 70 points in early trading while Nifty started trading below key support level of 6100. Markets witnessed the selling pressure despite the strengthening Rupee. Midcap and smallcap shares fell on a marginal basis. In the Final and last trading session of the day market slipped due to the selling of banking, oil and gas and FMCG shares.
Market Highlights of the Day
- Oil Shares like BPCL, HPCL and IOC went up due to the corrections in the crude oil prices.
- Cairn India is all set to have a discussion in a meeting on the issue of buy back of shares due to which the script moved down around 2.5%.
- Bank of Baroda, NMDC, ICICI Bank, Bharti Airtel, Coal India, Asian Paints, ITC, IDFC, UltraTech Cement moved down 4-2 percent.
- Biocon says: Cancer drug Trastuzumab to be available in India in January-March; DCGI gives approval to sell drug.
- Essar Power: Gets nod to set up a 1,200 MW plant at cost of Rs 9,400 crore in Jharkhand.
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