Despite positive global cues, the Indian market saw a weak closing today. There was a major sell off in the FMCG, real estate and metal space. Sensex shut shop at 15572, down 197 points from the previous close. Nifty closed at 4627, down 49 points. CNX Midcap index was down 0.35% and BSE Smallcap index was up 0.51%. Market breadth closed negative with 460 advances against 763 declines on the NSE. Top Nifty gainers included Cairn India, Suzlon and Sterlite while losers included Wipro, ITC and DLF.
The Royal Bank of Scotland (RBS) has picked up 0.60% stake in logistic services provider -- Gateway Distriparks. The bank has bought 6.40 lakh shares in the company for a total consideration of Rs 8.32 crore. Gateway Distriparks, incorporated in 1994, is engaged in the business of warehousing, container freight stations, providing handling and clearance of sea borne export-import trade in containerized form.
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