- BSE Sensex retreats from highs, top gainer Tata Power, Hero MotoCorp shares fallIndian rupee trims early gains against dollar, still up 23 paiseBSE Sensex continues retreat from 3-year closing high, Gail India, Cipla shares top gainersBSE Sensex regains psychological 21,000 level after a gap of almost 3 yrs
according to preliminary data from the stock exchanges.
Most Asian markets ended higher after a measure of Chinese manufacturing hit a seven-month high. Key indices in South Korea, Singapore, Taiwan and Japan rose while indices in China and Hong Kong fell.
European markets were higher in early trade as indices in France, Germany and UK moved up.
In the domestic market, 10 Sensex shares gained while Sesa Sterlite was unchanged.
The major losers on the index were Wipro (-4.25 pc), Coal India (-3.25 pc), TCS (-2.52 pc), Jindal Steel (-1.85 pc) and BHEL (-1.68 pc).
The gainers included Mahindra & Mahindra, which rose 2.59 pc, followed by Larsen and Toubro 1.83 pc, GAIL India 1.49 pc, HDFC Bank 1.34 pc and Tata Motors 1.28 pc.
Among the sectoral indices S&P BSE IT dropped 1.77 pc, followed by S&P BSE Teck 1.53 pc, S&P BSE Power 1.14 pc and S&P BSE Realty 1.12 pc.
However, S&P BSE Capital Goods firmed up 1.15 pc, followed by S&P BSE Auto 0.61 pc and S&P BSE Consumer Durables 0.49 pc.
The market breadth remained negative as 1,298 shares ended with losses, 1,191 closed with gains and 184 ruled steady.
Total turnover at the BSE dropped to Rs 2,073.26 crore from Rs 2,227.47 crore yesterday.
Sanjeev Zarbade, Vice President- Private Client Group Research, Kotak Securities: The Sensex opened on a strong note despite negative global cues. A sharp drop in crude oil prices may have aided market sentiments. However, the gains were shortlived as the rally evaporated by the middle of the trading session. We note that the Indian market has been outperforming its global counterparts helped by revival in FII flows and an extension in QE3 withdrawal timeline. Apart from this, corporate numbers from the ongoing results season has also been better than expected, which has kept the momentum going. In the coming weeks, Fed and RBI monetary policy meeting and the state election results would be closed watched.
Indian shares retreat from near 3-year highs on profit-taking
(Reuters) India's benchmark BSE Sensex index