18th April 2011 Closing Market Updates

18th April 2011 Closing Market Updates:

Nifty closed 95.45 points at 5729.10
Sensex closed 295.65 points down at 19091.17 
Indian equity benchmarks extended losses in the afternoon trade due to profit booking as well as further build-up in shorts. Technology was the leading dragger, with the respective index falling more than 2%. Infosys fell over 2% - it had fallen nearly 10% on Friday on the back of poor EPS guidance forecasted for FY12 by the company.

Next on the radar - the India's largest IT software exporter TCS will be announcing its results on Thursday. The stock was the leading scrips in today's fall, with losing nearly 4%. HCL Tech was down 2.5%.

All sectoral indices were in the red - the BSE Realty, Metal, Capital Goods, Bank, Healthcare, FMCG and Power indices slipped 1-2%.Heavyweights BHEL, HDFC Bank, ITC, L&T, SBI, ICICI Bank and HDFC Bank were down 1-2%.

The 30-share BSE Sensex shed 261 points to trade at 19,125 and the 50-share NSE Nifty tumbled 86 points to 5,738. The BSE Midcap Index lost 1% and Smallcap Index fell 0.5%.However, ONGC, HUL, Hero Honda, Bajaj Auto and Maruti Suzuki were only gainers on Nifty.In midcap space, JM Financial, Hathway Cable, MVL, KGN Industries and Shree Global rallied 5-8% while Chambal Fertiliser, Max India, HOEC, Opto Circuits and Sterlite Tech fell 5-6%.

In smallcap space, Prraneta Inds, OCL Iron, Poly Medicure, C Mahendra Exports and GSS America Info gained 9-12%. However, Paper Products, Uflex, Marathon Nextgen, KNR Construction and Camlin lost 5-9%.Market breadth was in favour of declines; about 1152 shares advanced as against 1718 shares declined on Bombay Stock Exchange.Realty and IT were the most hit indices by 3.17% and 2.73% respectively.

Top Gainers in Nifty 50 was Hindustan Lever Ltd, it closed at 282 and was 2.53% up
Top loser in Nifty 50 was DLF, it closed at 232.70 and was 4.96% down