Sensex slipped 173 points or 1.3% to end at 15,238 while Nifty slipped 61 points or 1.3% to shut shop at 4,576.

Indian markets faltered for the second straight trading session on Friday led by selling in the interest rate sensitive stocks. Even the Mid-Cap and the Small-Cap stocks witnessed offloading as both the indices ended lower by 2% each.

It was a day full of surprises as market participants ignored IIP numbers which turned positive after three straight months of decline. Industrial Production unexpectedly rose 1.4% from year ago as against market expectation of -0.1%. Government also announced that IIP for the month of March has been revised to -0.75% from -2.3%.

The Sensex slipped 173 points or 1.3% to end at 15,238 after touching a high of 15,600 and a low of 15,174. The index had opened at 15,447 against the previous close of 15,411.

The NSE Nifty slipped 61 points or 1.3% to shut shop at 4,576.

Among the BSE Sectoral indices BSE Realty index was the top loser slipping 3%, followed by the BSE Auto index down 2.5%, BSE Consumer Durable index down 2.5%, BSE Capital Goods index down 2.5% and BSE Teck index down 2.5%.

Even the BSE Mid-Cap index was down 2.4% and BSE Small-Cap index was down 2.5%. However, bucking the negative trend were, BSE Metal and BSE Oil & Gas index. Both advanced 1.3% and 1% respectively.

In the Sensex, among the major losers were Ranbaxy, DLF, RCom, Tata Motors, M&M, SBI, L&T and BHEL. Among the major gainers were, Reliance Industries, Sterlite, ONGC and Tata Steel.

Outside the frontline indices, the top losers included Fortis Healthcare, Max India, REI Agro, HCC, Aditya Birla Nuvo, LITL and MRPL.

Among the big gainers in the broader market were Hindustan Zinc, Sintex Industries, Cadila, Welspun Gujarat, Union Bank and Castrol India.

source: Indiainfoline

Tags: hot stocs, iip, nifty resistance, nifty support, nifty technicalss, nse bse tips

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