Markets trade flat; healthcare, metal up

17/11/2016 13:36

Indian equity benchmarks were trading flat during the afternoon session on Thursday led by fresh selling by participants mainly in the consumer durables and IT sector stocks amid mixed Asian cues. However, buying in the healthcare and metal sector stocks supported the uptrend at D-Street.

At 1:05 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 26,305.58, up by 6.89 points or 0.03 per cent while the NSE Nifty was at 8,114.65, up by 3.05 points or 0.04 per cent.

Meanwhile, continued uncertainty surrounding the impact of the government’s decision to demonetise higher value currency notes on Asia’s third biggest economy, too influenced sentiment at D-Street.

The top gainers of the BSE Sensex pack were Tata Motors Ltd. (Rs. 469.10,+2.45%), Axis Bank Ltd. (Rs. 480.25,+1.74%), Cipla Ltd. (Rs. 547.50,+1.64%), GAIL (India) Ltd. (Rs. 435.00,+1.52%), Sun Pharmaceutical Industries Ltd. (Rs. 677.75,+1.47%), among others.

Major show spoilers were Coal India Ltd. (Rs. 306.60,-1.92%), Wipro Ltd. (Rs. 436.35,-1.75%), Power Grid Corporation of India Ltd. (Rs. 184.95,-1.60%), Bajaj Auto Ltd. (Rs. 2576.55,-1.31%), Tata Consultancy Services Ltd. (Rs. 2161.50,-1.31%), among others.

The market breadth, indicating the overall strength of the market, was weak. On BSE, out of the total 2,663 shares traded, 1,055 advanced while 1,464 shares declined and 144 remained unchanged.

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