Business Standard

Nifty extends losses for 5th day, down 109 pts

Image

Press Trust of India Mumbai
A sharp fall in global markets in view of geo-political tension between North Korea and the US coupled with persistent foreign capital outflows today pulled down the Nifty by 109 points, which closed at 9,710.80.

Shares of banking, metal, auto, energy, infra, FMCG and realty sectors declined sharply due to heavy selling pressure.

The 50-share Nifty opened lower at 9,712.15 and moved in a range of 9,771.65 and 9,685.55 before ending at 9,710.80, down 109.45 points, or 1.11 per cent.

The Nifty dropped by 355.60 points, or 3.53 per cent, in five days.

Other indices like PSU Bank fell by 4.85 per cent, followed by metal, auto and media.
 

Major index losers were Hindalco, SBI, Bank of Baroda and Bosch.

The gainers include Dr Reddy's, Auro Pharma, GAIL, Axis Bank and Tata Motors DVR.

Overseas, European and Asian stocks dropped as investors continued to pare their riskier positions following escalating geo-political tensions between the US and North Korea. Japan's markets were shut for a public holiday.

US stocks finished sharply lower yesterday amid escalating global tension and a clutch of disappointing earnings reports.

It saw an intra-day movement of about 86.10 points.

A total of 1,090 scrips declined and 631 advanced while 43 remained unchanged.

Total securities that hit their price bands were 144.

Turnover in the cash segment rose to Rs 32,925.01 crore, from Rs 31,702.06 crore yesterday.

A total of 17,720.84 lakh shares changed hands in 11,678,223 trades. The market capitalisation of listed firms on the NSE stood at Rs 1,25,80,038 crore.

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

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 11 2017 | 6:57 PM IST

Explore News