Capital goods, oil & gas and auto stocks lead Indian Market's decline - Microsec

Indian markets declined further today despite lower than expected inflation numbers. Capital goods, oil & gas and auto stocks led the decline.

Nifty closed at 5896.95 down by 36.00points or 0.61% over the previous day closing of 5932.95 after witnessing a low of 5884.55 and a high of 5940.20. Sensex closed at 19497.18 down by 110.90 points or 0.57% over the previous day closing of 19608.08.It touched an intraday low of 19444.33 and high of 19639.83.

The markets' breadth was negative. Out of 2961 stocks traded, 656 stocks advanced, 1501 stocks declined and 804 stocks remained unchanged. In Sensex, Out of 30 stocks 14 stocks advanced and 16 stocks declined.

Among the sectors, BSE Capital Goods, BSE Oil & Gas and BSE Auto were the main losers of the day, which decreased by 2.27%, 1.59% and 1.49% respectively.

In BSE Capital Goods sector Sadbhav Engr, Welcorp and Siemens, decreased by 6.02%,5.08% and 4.56% respectively. In BSE Oil & Gas sector BPCL, RIL and HPCL declined by 3.58%,2.63% and 1.25% respectively. In BSE Auto sector Maruti suzuki, Tata Motors, and Cummins India, decreased by 3.30%, 2.59% and 2.10% respectively.

Source : Equity Bulls

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