Markets End the Month in the Negative

Thursday, February 28, 2013, Indian market closing: Indian equity markets ended in the negative on the back of not as expected Union Budget.
By Nidhi Gandhi |  28-02-13 | 
 

Indian markets ended the last trading session of the month in the red after the Union Budget failed to bring cheer to the investors. The markets which started off on a positive note turned negative in late afternoon trade, after the Union Budget was announced. Market sentiments were further hit by the F&O expiry for the month of February. On the global front, both the Asian and the European markets traded in the positive. On the domestic front, the eight core sector industries grew by 3.9% in January this year, up from 2.2% in the same month in 2012. Market breadth was negative as on the BSE 1,973 shares declined while 857 shares advanced.

The BSE Sensex touched a high of 19,322 and a low of 18,794 before it ended lower by 1.52% or 290.87 points to close at 18,861. The S&P CNX Nifty too moved lower by 1.79% or 103.85 points to close at 5,693. The BSE Mid-cap and Small-cap indices ended in the negative, down by 2.46% 1.97% respectively.

3 out of the 13 indices on the BSE sectoral space ended in the green. Leading the pack of gainers was the BSE Consumer Durables index which moved up by 0.85%; followed by the BSE IT and BSE Teck indices which moved up by 0.47% and 0.11% respectively. Leading the pack of losers was the BSE Power index, down by 4.29%; followed by the BSE Bankex and BSE Capital Goods indices which fell by 3.59% and 3.39% respectively. The other major losers were the BSE Metal, BSE PSU and BSE Realty indices which moved down by 2.95%, 2.81% and 2.72% respectively.

5 out of the 30 shares on the BSE Sensex ended in the green. The gainers were TCS (+2.14%), Bharti Airtel (+0.62%), Tata Motors (+0.49%), Sun Pharma (+0.40%) and Bajaj Auto (+0.35%). On the other hand, the top 5 losers were SBI (-5.80%), Tata Steel (-4.04%), ICICI Bank (-3.86%), Maruti Suzuki (-3.74%) and L&T (-3.17%).

As per the data released by SEBI, foreign institutional investors (FIIs) were net buyers in the equity and the debt segments to the tune of Rs. 1,919.70 crores and Rs. 2,121.30 crores respectively.

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