Nifty crosses 6,100-mark after 2yrs, ends down by 34 pts

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SummaryThe S&P CNX Nifty of the National Stock Exchange broke its three-day upmove and fell back by nearly 34 points at 6,048.50 on late all-round selling triggered by weak European opening amid profit-booking after recent rally which took the index to two-year high.

The S&P CNX Nifty of the National Stock Exchange (NSE) broke its three-day upmove and fell back by nearly 34 points at 6,048.50 on late all-round selling triggered by weak European opening amid profit-booking after recent rally which took the index to two-year high.

Fast Moving Consumer Goods (FMCG) major, Hindustan Unilever (HUL) dipped by 3.29 per cent after the company announced its Q3 results. The company announced 15.59 per cent jump in net profit for the third quarter ended December 2012.

The 50-issue Nifty resumed stable and immediately crossed 6,100-mark for the first time after January 2011 to a high of 6,101.30 before falling back to settle at 6,048.50, showing a net loss of 33.80 points or 0.56 per cent.

In last three sessions, it had gained 80.45 points or 1.34 per cent.

Asian markets ended narrowly mixed after reports said the Bank of Japan (BoJ) would adopt open-ended policy easing and a formal two per cent inflation target while European stocks were trading lower in the afternoon deals.

Major losers from the Nifty were GAIL India (4.65 pc), HCL Tech (2.45 pc), Hindalco (2.44 pc) and Cairn India (2.32 pc). Major gainers were Asian Paints (2.92 pc), ACC (1.75 pc), NTPC (1.70 pc), Kotak Bank (1.55 pc) and Sun Pharma (1.55 pc).

Turnover in cash segment rose to Rs 12,367.07 crore from Rs 11,588.39 crore yesterday. A total of 6,768.36 lakh shares changed hands in 55,82,825 trades. The market capitalisation stood at Rs 69,10,000 crore.

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