Nifty ends below 8,200, slips 34 points
Equity benchmark Nifty continued its fall for a second consecutive session, tracking weakness in global peers and across-the-board selling that worsen the sentiment led by PSU Bank, auto, realty and FMCG stocks ending the day with a loss of 34 points at 8,170.
Mumbai: Equity benchmark Nifty continued its fall for a second consecutive session, tracking weakness in global peers and across-the-board selling that worsen the sentiment led by PSU Bank, auto, realty and FMCG stocks ending the day with a loss of 34 points at 8,170.
Nifty opened on a negative note with a loss at 8,180 and posted a low of 8,163, finding support, it gained and posted a high of 8,266 ahead of economical data that is to be announced before witnessing a profit booking on higher levels at resistance that dragged to lower levels thus correcting 100 points from high 8,266 point of the day.
In overseas markets, European markets extended losses, as a renewed fall in the oil price, upcoming risk events and economic growth concerns weighed on sentiment. Elsewhere, in Asia markets were mostly in the red, tracking declines in US markets that followed a drop in crude oil prices.
The 50-share Nifty resumed lower at 8,180.25 and moved in a range of 8,265.60 and 8,162.85 before ending at 8,170.05, showing a loss of 33.55 points or 0.41 percent from last close.
On sectoral front, PSU Bank fell by (1.52 pct), Auto (1.09 pct), Realty (0.88 pct), FMCG (0.62 pct), Finance Service (0.48 pct) and Media (0.37 pct).
Among the Index lossers were, Tata Motors Dvr (3.29 pct), Tata Steel (2.24 pct), Tata Motors (2.18 pct) Coal India (2.03 pct) and SBIN (1.91 per cent).
Index gainers included, Hindalco rose by (3.97 pct), Yes Bank (2.24 pct), Bhel (2.10 pct), ACC (1.48 pct), Ambuja Cem (1.47 pct) and PowerGrid (1.01 pct).
A total of 856 stocks declined, 720 advanced, while 65 ruled stable.
Turnover in cash segment fell to Rs 16,549.80 crore compared to Rs 16,684.36 crore yesterday. A total of 11,310.94 lakh shares changed hands in 71,33,868 trades.
The market capitalisation of NSE stood at Rs 98,27,898 crore