Sensex, Nifty soften...But broader market dazzles

The main Indian stock indices ended the day with losses for the first time in four straight trading sessions, continuing its pullback from 33-month high from the previous session.



But, the day belonged to the Small-Cap and Mid-Cap shares as well as the ADAG Group stocks. Reliance Media Works was a star performer, with the stock shooting up over 35% in a single day on strong volume.

"All eyes now will be on the monthly US jobs data and other important economic reports. Central banks in the UK and Europe will announce their decisions on Thursday. Besides, the earnings season also could be a trend decider for the Indian markets," says Head of Research (India Private Clients).

In terms of sectors, notable gainers were the BSE Consumer Durables index and Power index while the FMCG shares were the biggest laggards.

The BSE Sensex slipped by 68 points to close at 20,408. The index hit an intra-day high of 20,560 and an intra-day low of 20,383.

The NSE Nifty fell 14 points to close at 6,146 after touching a high of 6,188 and a low of 6,118.

Among the BSE sectoral indices, the BSE FMCG index was the top loser, losing by 1.1%, followed by the BSE Metal index (down 0.4%) and BSE Bank index (down 0.3%). On the other hand, the BSE Consumer Durables index was up 1% and BSE Power index was up 0.9%.

The broader indices ended higher, the BSE Mid-Cap index ended higher by 0.8% and BSE Small-Cap index added 1.1%.

The European indices recovered from days low, the DAX in Germany was up 0.2%, the CAC 40 index in France also was up 0.7% and FTSE index in UK up 0.3%.