Business Standard

Nifty ends below 9,900, down 26 pts

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Press Trust of India Mumbai
Benchmark Nifty snapped its four-day winning streak to end below the 9,900-mark today on fag-end selling in Finance Service, FMCG, Infra and Private Banking sectors.

Realty, Media and Metals counters saw some buying activity. The midcap and smallcap shares outperformed the key indices.

Overseas, most European stocks were trading higher. Asian stocks gained in holiday-thinned trade. Stock markets in Hong Kong, China and South Korea were closed for holidays.

US stocks posted modest gains yesterday, extending their recent streak of advances that has taken all major benchmarks to record highs.

The Nifty opened higher at 9,927.00 and moved in a range of 9,945.95 and 9,881.85 before ending at 9,888.70, up 26.20 points, or 0.26 per cent, from its last close.
 

It saw an intra-day movement of about 64.10 points.

On sectoral front, Finance Service fell by 0.44 per cent, followed by FMCG 0.38 per cent, Private Bank 0.30 per cent, Infra 0.30 per cent, Bank 0.23 per cent and IT 0.14 per cent.

However, Realty rose by 0.91 per cent, Media 0.60 per cent, Metal 0.29 per cent and Pharma 0.23 per cent.

Major index losers were Tech Mahindra, Bharti Infratel, PowerGrid, ICICI Bank, BPCL, Hero MotoCo, GAIL and ITC.

Gainers were Aurobindo Pharma, Ambuja Cement, NTPC, Yes Bank, Coal India, Cipla, HCL Tech, M&M and Reliance.

The broader markets extended their gains as both the Nifty midcap and smallcap indices rose by 0.55 per cent and 0.98 per cent, respectively.

The market breadth, indicating the overall health of the market, was in favour of gainers. On the NSE, 935 stocks advanced, 736 declined and 95 remained unchanged.

Total securities that hit their price bands were 166.

Turnover in the cash segment rose to Rs 25,106.21 crore from Rs 23,340.70 crore yesterday.

A total of 11,845.81 lakh shares changed hands in 9,033,548 trades. The market capitalisation of listed firms on the NSE stood at Rs 1,33,03,729.42 crore.

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

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First Published: Oct 05 2017 | 6:28 PM IST

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