The markets ended lower, with the Sensex down 0.7% and the Nifty lower by 0.72%, as Asian and European cues were unsupportive despite strong earnings from US tech companies. Profit taking dragged benchmarks down. Meanwhile, the cabinet approved the 10.82% stake sale of SAIL, and Hero MotoCorp's quarterly net sales and profit rose by 9.92% and 10.32% respectively, though its stock fell 0.35%. Most sectors declined, with banks, capital goods and real estate faring worst.

1. Markets down 0.7% on profit taking
Market Summary
20-Jul-2012
Markets traded in negative zone throughout the session as cues from Asia and Europe were not supportive despite strong earnings
and outlook from U.S. tech companies. Profit taking dragged the benchmarks down by 0.70%.
Meanwhile, The cabinet committee on Economic Affairs has approved the disinvestment of 10.82% stake in Steel Authority of India
(SAIL) through auction route. The SAIL stock was up 0.27% on BSE.
Stock of Maruti Suzuki India Limited was up 2.43% despite reports that the shutdown of the Manesar plant due to eruption of deadly
violence is estimated to cost $15 million a day.
Hero MotoCorp Q1 result: For the period while the Net Sales increased by 9.92%, Net Profit grown by 10.32% and thereby NPM
improved to 9.85% as compared to 9.82% on y-o-y basis. The stock was down 0.35% on BSE today. (Detailed Result)
The market breadth on the BSE closed in negative. Advances and declining stocks were in a ratio of 1128:1650 while 115 scrips
remained unmoved.
The BSE Sensex ended at 17158.44, down 120.41 points or 0.70%. The 30 share index touched a high and a low of 17275.20 and
17129.69 respectively. 6 stocks advanced against 24 declining ones on the benchmark index.
The S&P CNX Nifty lost 37.60 points or 0.72% to settle at 5205.10. The index touched high and low of 5238.70 and 5197.50
respectively. 11 stocks advanced against 39 declining ones on the index.
Sensex Nifty
The BSE Mid-cap index moved down to 6184.10 and lost 0.23% while Small-cap index hammered down by 0.11% to 6675.35.
The broader BSE 500 index decreased to 6628.65 (down 0.49%) and S&P CNX 500 index declined to 4134.75 (down 0.54%).
The volatility as denoted by INDIA VIX gained 3.11% at 16.89 from its previous close of 16.38 on Thursday.
Sectors in action
On the BSE Sectorial front, Automobile (up 0.27%), Consumer Durables (up 0.21%) and Metals (up 0.12%) were the top gainers.
Banks (down 1.28%), Capital Goods (down 1.14%) and Real Estate (down 0.99%) were the top losers.
The Angels and the Devils
Bajaj Auto Limited (up 2.67%), Maruti Suzuki India Limited (up 2.43%), T Consultancy Services Limited (up 1.86%), Coal India Ltd.
ata
(up 0.38%) and Tata Steel Limited (up 0.28%) were the top gainers on the Sensex.
Dr. Reddys Laboratories Ltd. (down 2.68%), Bharat Heavy Electricals Limited (down 2.47%), Cipla Limited (down 1.67%), ICICI Bank
(down 1.58%) and Wipro Ltd (down 1.47%) were the top losers on the Sensex.
Benchmark Drivers
ICICI Bank (-20.64 points), Housing Development Finance Corporation Limited (-16.16 points), T Consultancy Services Limited
ata
(15.58 points), Infosys Limited (-14.67 points) and HDFC Bank (-13.68 points) were the major Sensex drivers today.
On the other end ICICI Bank (-5.61 points), T Consultancy Services Limited (4.01 points), Infosys Limited (-4.00 points), Housing
ata
Development Finance Corporation Limited (-3.97 points) and HDFC Bank (-3.97 points) were the major Nifty movers today.
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