The markets ended lower on Monday due to concerns over poor monsoon rains. Lower-than-expected inflation data failed to boost sentiment as a poor monsoon could prevent the RBI from cutting interest rates and negatively impact government finances. The BSE Sensex closed down 110 points at 17,103 and the Nifty fell 30 points to close at 5,197, with information technology and metals stocks declining the most.

1. Monsoon worries drag Nifty below 5200
Market Summary
16-Jul-2012
After starting the day on a positive note, the markets ended the first day of the week in red driven primarily by monsoon worries. Even
lower than expected inflation data failed to lift the sentiments as poor monsoon might prevent RBI from cutting key rates. Additionally
monsoon can cause severe implications on govt finances.
Inflation, as measured by the Wholesale Price Index (WPI), for the month of June came down to its lowest level in five months of 7.25
per cent versus 7.55 per cent in May. The April WPI inflation was revised up to 7.5 per cent as against the 7.23 per cent earlier.
Castrol Q1 Result: For the period while the Net Sales increased by 7.72%, Net Profit dipped by 15.16% and thereby NPM reduced to
14.15% as compared to 17.97% on y-o-y basis. The stock was down 0.30% on BSE today. (Detailed Result)
The market breadth on the BSE closed in negative. Advances and declining stocks were in a ratio of 1153:1626 while 128 scrips
remained unmoved.
The BSE Sensex ended at 17103.31, down 110.39 points or 0.64%. The 30 share index touched a high and a low of 17282.30 and
17079.63 respectively. 10 stocks advanced against 20 declining ones on the benchmark index.
The S&P CNX Nifty lost 30.00 points or 0.57% to settle at 5197.25. The index touched high and low of 5246.85 and 5190.45
respectively. 31 stocks advanced against 19 declining ones on the index.
Sensex Nifty
The BSE Mid-cap index moved down to 6208.86 and lost 0.62% while Small-cap index hammered down by 0.61% to 6696.02.
The broader BSE 500 index decreased to 6626.81 (down 0.54%) and S&P CNX 500 index declined to 4134.75 (down 0.53%).
The volatility as denoted by INDIA VIX gained 2.79% at 18.77 from its previous close of 18.26 on Friday.
Sectors in action
On the BSE Sectorial front, Healthcare (up 0.94%), Consumer Durables (up 0.77%) and Oil & Gas (up 0.07%) were the top gainers.
Information Technology (down 2.34%), Metals (down 1.98%) and Real Estate (down 1.61%) were the top losers.
The Angels and the Devils
Bharti Airtel Limited (up 3.85%), Maruti Suzuki India Limited (up 1.62%), Dr. Reddys Laboratories Ltd. (up 1.58%), Cipla Limited (up
1.17%) and Housing Development Finance Corporation Limited (up 0.82%) were the top gainers on the Sensex.
T Steel Limited (down 3.95%), T Consultancy Services Limited (down 3.16%), Jindal Steel And Power Limited. (down 2.69%),
ata ata
Tata Motors Limited (down 2.63%) and Infosys Limited (down 2.48%) were the top losers on the Sensex.
Benchmark Drivers
Infosys Limited (-32.06 points), T Consultancy Services Limited (-27.56 points), Bharti Airtel Limited (18.74 points), Larsen And
ata
Toubro Limited (-14.08 points) and Tata Steel Limited (-13.59 points) were the major Sensex drivers today.
On the other end Infosys Limited (-7.57 points), Bharti Airtel Limited (4.41 points), T Consultancy Services Limited (-3.57 points),
ata
Tata Steel Limited (-3.27 points) and State Bank of India (2.79 points) were the major Nifty movers today.
Follow us on This content is generated at www.finalaya.com and is governed by the Terms of Use.