Nifty takes support at 6000; FMCG, IT down

MUMBAI: Equities broke down from narrow range and slipped lower following weakness in European markets. Profit booking intensified in FMCG, realty and IT space while power and capital goods sectors resisted the decline.



At 1:15 pm, National Stock Exchange's Nifty was at 6000.50, down 35.15 points or 0.58 per cent. The broader index touched a high of 6049.80 and low of 5993.35 in trade so far.



Bombay Stock Exchange's Sensex was at 19998.60, down 118.78 points or 0.59 per cent. The 30-share index hit intraday high of 20157.51 and low of 19983.88.



BSE Midcap Index was down 0.21 per cent and BSE Smallcap Index moved 0.11 per cent lower.



Amongst the sectoral indices, BSE FMCG Index slipped 0.89 per cent, BSE Realty Index moved 0.80 per cent lower and BSE IT Index declined 0.74 per cent. BSE Power Index gained 0.43 per cent and BSE Capital Goods Index advanced 0.35 per cent.



Siemens (3.30%), NTPC (1.68%), ABB (1.65%), M&M (1.37%) and Reliance Power (1.06%) were amongst the top Nifty gainers.



Losers pack included IDFC (-2.72%), HDFC (-2.26%), Hindalco (-1.83%), Idea (-1.50%) and Tata Motors (-1.21%).



Market breadth turned negative on the NSE with 1448 gainers against 1787 losers.



European markets slipped in the red ahead of US economic data. FTSE 100 was down 1.01 per cent, CAC 40 slipped 1.28 per cent and DAX moved 1 per cent lower.
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