Markets close lower weighed down by rate-sensitive sectors - LuvKush Finserve

Markets have closed lower weighed down by rate-sensitive sectors and index heavyweight Reliance Industries. The Sensex ended at 19,428 down 142 points and the Nifty ended at 5,873 down by 36 points. The Sensex and the Nifty reached an intra-day low of 19,383 levels and 5,861 mark respectively. BSE Realty index crumbled by nearly 3% followed by counters like Banks, Oil & Gas, Auto, Metal, Capital Goods, FMCG and PSU, all declining between 1-2%. However, BSE Consumer Durable index surged by nearly 3%. ICICI Bank was the top Sensex loser, down nearly 4% on back of heavy volumes on reports that the government is investigating the allegations of money laundering practices. Among other Sensex losers Tata Motors was down 3% at Rs 291 and index heavyweight Reliance Industries was down 2% at Rs 844. Shares of software exporters firmed up on the back of encouraging economic data from the US. Infosys was up 0.31% and TCS was up nearly 0.2%. Wipro was up by nearly 1%. Shares of cable operators such as Den Networks, Siti Cable Network and Hathway Cable and Datacom have rallied up to 6% in late noon deals on the Bombay Stock Exchange (BSE). BSE Midcap index plunged by 0.62% whereas BSE Smallcap index closed down 0.84%.

Source : Equity Bulls

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