Business Standard

Nifty ends below 10,450 ahead of results season

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Press Trust of India Mumbai
NSE benchmark Nifty ended almost unchanged for the second day in a row today ahead of the corporate results season.

It witnessed modest sell-off in the last hour of trade in auto, pharma, IT, bank and energy stocks.

Metal, infra, FMCG and realty sectors saw buying interest.

Overseas, most European shares were trading higher as investors reacted to a string of robust economic data.

Most Asian markets ended higher.

US stocks jumped overnight yesterday, with major indices rallying to record levels in a broad rally.

The NSE Nifty opened higher at 10,482.65 and moved in a range of 10,503.60 and 10,429.55 before ending at 10,443.20, up just 1 point, or 0.01 per cent.
 

It saw an intra-day movement of about 74.05 points.

On the sectoral front, metal rose by 1.45 per cent, infra 0.93 per cent, realty 0.47 per cent, FMCG 0.43 percent, media 0.29 per cent and private bank 0.14 per cent.

However, auto fell 0.51 per cent, pharma 0.48 per cent, IT 0.13 per cent, finance service 0.12 per cent, bank 0.08 per cent, energy 0.03 per cent and PSU bank 0.03 per cent.

Major index gainers were Adani Ports, L&T, Hindalco, ICICI Bank, Ambuja Cement, Yes Bank, Vedanta and Ultratech Cement.

Losers included Dr Reddy's, Wipro, Bajaj Auto, ONGC, Maruti Suzuki, Tata Motors, BPCL, NTPC and HDFC Bank.

The market breadth, indicating its overall health, was in favour of gainers. On the NSE, 1,182 stocks rose, 605 fell and 64 remained unchanged.

Total securities that hit their price bands were 221.

Turnover in the cash segment rose to Rs 33,291.76 crore from Rs 31,951.74 crore as on Tuesday.

A total of 21,861.83 lakh shares changed hands in 11,685,256 trades. The market capitalisation of listed firms on the NSE stood at Rs 1,49,32,724.97 crore.

Disclaimer: No Business Standard Journalist was involved in creation of this content

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First Published: Jan 03 2018 | 6:35 PM IST

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