Markets Closed Negatively On 3rd Day Straight, Nifty & Sensex Ends Low

Indian markets closed lower for the third day straight on April 19, Nifty was down 41.40 points, or 0.23%, at 17,618.80 and the Sensex slipped by 159.21 points, or 0.27% to end at 59,567.80. The lacklustre performance of IT stocks still continued to seep in to drag down the indexes.

The markets opened on weak note during the early morning trade and retained its negative move throughout the day to end in red. Except India VIX index, all the major broad based indexes ended low.

Among the sectoral indexes, Metal, Pharma, Realty, Conumer Durables, Oil & Gas and Financial Services moved marginally up as high as 0.53%. Bank indexes were the biggest sectoral losers.

Total 936 stocks advanced and 1089 declined on NSE, while only 9 stocks advanced and 21 stocks declined on Sensex during the day's trade.

Axis Bank and Mahindra & Mahindra were top gainers on Nifty and Sensex to make gains of nearly 1 to 1.3%. BPCL, Divis Laboratories and Bajaj Auto gained the most by roughly around 2% to 1.3% on Nifty. HDFC, Bharti Airtel and Bajaj Finance were other toppers on Sensex to gain around nearly 0.8% to 0.6%.

Companies to make most losses of around 2.5% to 2.3% were HCL Tech Ltd, Indusind Bank and Infosys on both the indexes.

Rupee depreciated as well to end as close to at 82.22 (provisional) against the US currency on Wednesday, it depreciated by 18 paise. Weighing of FIIs outflow over past weeks and firm crude oil prices dragged the local currency down. At the interbank foreign exchange, the domestic unit opened at 82.10 against the dollar and finally ended the session at 82.22 (provisional), down 18 paise from its previous close.