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Nifty extends losses, down 20 pts ahead of Yellen speech

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Press Trust of India Mumbai
Last Updated : Aug 26 2016 | 6:22 PM IST
Market benchmark Nifty declined by 20 points on the first session of the new F&O series as investors remained cautious ahead of US Fed Reserve Chair Janet Yellen's speech tonight.
Nifty ended on a negative zone witnessing volatility towards fag end of the trading session following selling pressure seen mainly in PSU Bank, IT, Realty, Infra, Banks and Media counters amid lower European cues.
On the global front, Asian stocks were mixed. Chinese shares ended flat. The Shanghai Composite index closed up 0.07 per cent, while Hong Kong's Hang Seng index was up 0.41 per cent. Nikkei 225 ended 1.2 per cent lower hitting three-week lows.
European equities were trading lower. The FTSE 100 was trading marginally up, while the CAC 40 and DAX were trading in red.
The 50-share Nifty opened higher at 8,614.35 and hovered between a high of 8,622.95 and a low of 8,547.55, before ending at 8,572.55, showing a fall of 19.65 points or 0.23 per cent from its last close. It witnessed an intra-day movement of about 75.40 points.
On the sectoral front, PSU Banks fell by 1.74 per cent, followed by IT (1.37 per cent), Realty (1.08 per cent), Infra (0.80 per cent), Bank (0.59 per cent), Media (0.54 per cent) and Private Banks (0.42 per cent).
However, Nifty Auto rose by 1.23 per cent and Energy 0.48 per cent.

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Notable index laggards were Wipro (2.78 percent), HCL Tech (2.42 per cent), Bank Of Baroda (2.25 per cent), L&T (1.89 per cent), Idea (1.78 per cent), Infosys (1.59 per cent), SBI (1.52 per cent), IndusInd Bank (1.44 per cent) and BHEL (1.35 per cent).
Notable gainers included Tata Motors DVR (3.31 per cent), Tata Motors (2.00 per cent), Bharti InfraTel (2.21 per cent), Asian Paints (1.57 per cent), Reliance (1.50 per cent), GAIL (1.09 per cent) and M&M (0.93 per cent).
A total of 1,019 scrips declined, 577 rose, while 80 remained unchanged. Total securities that hit their price bands were 92.
Turnover in cash segment fell to Rs 17,712.07 crore from Rs 25,162.87 crore as on Thursday.
A total of 9,266.35 lakh shares changed hands in 74,79,116 trades. The market capitalisation of NSE stood at Rs 107,14,204.93 crore.

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First Published: Aug 26 2016 | 6:22 PM IST

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