Nifty falls below 5000; Unitech, JP Associates down

MUMBAI: Equities slipped sharply as selling pressure intensified across the board. Tips to pick potential stocks
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Negative opening of the European markets also hurt Tips to pick potential stocks
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sentiments.

National Stock Exchange’s Nifty was at intraday low of 4969.70, down 85 points or 1.65 per cent. The broader index hit high of 5053.45 earlier in the day.

Bombay Stock Exchange’s Sensex was at 16,803.43, down 195.35 points or 1.15 per cent. The index touched an intra-day low of 16787.75 and high of 17004.98.

BSE Midcap Index was down 1.43 per cent and BSE Smallcap Index slipped 0.72 per cent.

Amongst the sectoral indices, BSE Realty Index was fell 3.64 per cent, BSE IT Index was down 1.63 per cent and BSE Bankex declined 1.63 per cent.

Unitech (-5.10%), Jaiprakash Associates (-4.86%), HCL Tech (-4.84%), Reliance Infrastructure (-4.13%) and DLF (-4.06%) were amongst the top Nifty losers.

Suzlon Energy (2.59%), Power Grid (0.05%) and ACC (0.02%) were the only frontline stocks in the positive terrain.

Market breadth was negative on the BSE with 1537 losers and 1114 gainers.

European markets were in the negative terrain. FTSE 100 was down 0.17 per cent, CAC 40 fell 0.32 per cent and DAX declined 0.09 per cent.