MUMBAI: Benchmarks pared some of the intraday losses and closed near support levels Friday as lower-than-expected April IIP data and weak global cues hurt sentiments. All the major sectoral indices closed lower with capital goods, FMCG and realty space under pressure.
India's IIP growth for the month of April was at 6.3 per cent versus 13.1 per cent as per the new series. Mining growth was at 2.2 per cent vs 9.2 per cent (YoY), manufacturing growth stood at 6.9 per cent vs 14.4 per cent (YoY).
According to the old series April IIP grew at 4.4 per cent versus 7.3 per cent. The April IIP is below estimates as per the old series. ET Now poll was expecting growth of 5.5 per cent against 7.3 per cent growth in March.
National Stock Exchange's Nifty closed at 5484.60, down 36.45 points or 0.66 per cent. The broader index touched a high of 5521.45 and low of 5457.45 intraday.
Bombay Stock Exchange's Sensex was at 18253.15, down 131.75 points or 0.72 per cent. The 30-share index hit a high of 18399.02 and low of 18182.90 in trade today.
BSE Midcap Index was down 0.40 per cent and BSE Smallcap Index declined 0.54 per cent.
Amongst sectoral indices, BSE Capital Goods Index was down 1.18 per cent, BSE FMCG Index slipped 1.16 per cent and BSE Realty Index moved 0.99 per cent lower.
Grasim (-2.24%), DLF (-2.19%), Reliance Capital (-1.90%), L&T (-1.85%) and Reliance Infrastructure (-1.69%) were the major Nifty losers.
Hindalco Industries (0.87%), Cairn India (0.64%), ONGC (0.62%), Ranbaxy Laboratories (0.41%) and TCS (0.41%) were amongst the gainers.
Market breadth was negative on the NSE with 1721 declines against 1184 advances.
India's IIP growth for the month of April was at 6.3 per cent versus 13.1 per cent as per the new series. Mining growth was at 2.2 per cent vs 9.2 per cent (YoY), manufacturing growth stood at 6.9 per cent vs 14.4 per cent (YoY).
According to the old series April IIP grew at 4.4 per cent versus 7.3 per cent. The April IIP is below estimates as per the old series. ET Now poll was expecting growth of 5.5 per cent against 7.3 per cent growth in March.
National Stock Exchange's Nifty closed at 5484.60, down 36.45 points or 0.66 per cent. The broader index touched a high of 5521.45 and low of 5457.45 intraday.
Bombay Stock Exchange's Sensex was at 18253.15, down 131.75 points or 0.72 per cent. The 30-share index hit a high of 18399.02 and low of 18182.90 in trade today.
BSE Midcap Index was down 0.40 per cent and BSE Smallcap Index declined 0.54 per cent.
Amongst sectoral indices, BSE Capital Goods Index was down 1.18 per cent, BSE FMCG Index slipped 1.16 per cent and BSE Realty Index moved 0.99 per cent lower.
Grasim (-2.24%), DLF (-2.19%), Reliance Capital (-1.90%), L&T (-1.85%) and Reliance Infrastructure (-1.69%) were the major Nifty losers.
Hindalco Industries (0.87%), Cairn India (0.64%), ONGC (0.62%), Ranbaxy Laboratories (0.41%) and TCS (0.41%) were amongst the gainers.
Market breadth was negative on the NSE with 1721 declines against 1184 advances.
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