Sensex closes sub 6,000, midcaps butchered
Posted on: 09:29 AM IST Feb 05, 2013
Mumbai: Bad corporate results, poor global cues and weak domestic economic situation kept investors in the sidelines once again, leading to a very sluggish Tuesday. The Sensex closed 91.37 points at 19659.82, and the Nifty ended the day 30.35 points lower at 5956.90.
Jaiprakash Associates, BHEL, Bank of Baroda, Sterlite Industries, Tata Motors, ITC, Bhart Airtel and BPCL stand as biggest loser of the day. The stocks lost between 1.5 per cent to 4 per cent. Jaiprakash Associates lost 4.4 per cent today, and 22 per cent year-to-date. Bank of Baroda lost 10 per cent in 2 days. BHEL fell for the third consecutive session, down 3 per cent due to disappointing Q3 results.
NTPC, which is expected to announce its OFS for Thursday in order to mop uo Rs 12000-Rs 13,000 cr, fell marginally to 0.06 per cent on the NSE.
Sun Pharma was the biggest gainer. It rose 4 per cent after posting better-than expected numbers, backed by Taro's numbers. Realty major DLF too supported the markets today with nearly 1 per cent gains. Despite seeing occasional bad days, the stock has made newer tops and bottoms.
A host of midcap stocks lay butchered due to extremely poor quarterly numbers. Jubilant Foods, Jain Irrigation and UCO Bank tumbled 5-8 per cent on lower-than-expected quarterly numbers.
Meanwhile, United spirits rose nearly 2 per cent after SEBI approved Diageo, USL open offer. It now awaits clearance from the CCI.