Market ends in red, FMCG sector stock outperform

Mumbai: The markets ended in the red amid a highly volatile session. Rest of the Asia also ended with a deep cut.

The breadth was in favour of the declines. Selling was seen in cement realty, capital good, auto and metal stocks. FMCG index managed to hold up in green.

Rupee has weakened little bit against and was quoting at Rs 40.31 versus USD. Market breadth was roughly 4:1 in favour of declining stocks on BSE.

Cement stocks are among the top losers on MRTPC probes in cement companies on any cartelisation issues.

ITC was up over 8 per cent at Rs 164.80; CLSA has upped its ITC price target to Rs 184; upgrades to buy from underperform.

ITC, Infosys, HUL, ONGC, Bharti Airtel, NTPC, Reliance Energy and SBI are among the top gainers on the indices.

Ambuja Cements, Satyam, ACC, Grasim, HDFC Bank, Bajaj Auto are among the top losers.

On the results front Indus Fila came out with good set of numbers its net profit was up at Rs 8.2 crore versus Rs 3.6 crore in the corresponding quarter previous year.

The stock is up over 3 per cent. Astom Project, Yes Bank and Chambal Fertilisers came out with good set of numbers.

Thermax came out with strong set of numbers, its net profit came at Rs 55.63 crore and Bank Of India came in with inline set of numbers.

The BSE Midcap Index ended at 6,755.20 down 57 points or 0.84 per cent. The BSE Smallcap Index ended at 8,056.36 down 97 points or 1.2 per cent.

The BSE Bankex was down 0.8 per cent at 8,284.36. Andhra Bank, Canara Bank, IOB, Allahabad Bank, Bank of Baroda, PNB moved downwards.

The BSE Capital Goods Index was down 2.5 per cent at 13,428.80. Suzlon Energy, Praj Industries, Astra Microwave, AIA Engineering, Larsen closed lower.

The BSE Health Care Index was down 1 per cent at 3,732.86. Nicholas Pirama, Lupin, Panacea Biotech, Opto Circuits, Glenmark closed lower.

The BSE Auto Index closed at 5,022.80 down 2 per cent. Apollo Tyres, Amtek Auto, Bajaj Auto, Tata Motors, Bharat Forge, Exide Industrie closed higher.

The BSE Metal Index closed at 12,161.06 down 1.7 per cent. SAIL, Jindal Steel, Jindal Saw, NALCO, Hindalco closed lower.

The BSE FMCG Index closed at 1,915.35 up 4 per cent. ITC, United Brewerie, HUL, Colgate, Dabur India closed higher.

BSE Oil and Gas Index closed at 8,203.08. GAIL, Reliance Petro, Reliance Natura, Essar Oil, Petronet LNG ended in red.

The NSE cash turnover was at Rs 12792.03 crore and the NSE F&O turnover was at Rs 72365.46 crore. The BSE cash turnover was Rs 5905.19 crore. Total market wide turnover was at Rs 91062.68 crore.