Post Session: Sensex ends 52 pts lower, Nifty below 8,400; metal, oil&gas stocks drag

17/01/2017 16:24

The Indian equity benchmarks ended tad lower on Tuesday, tracking mixed cues from fellow Asian peers, weighed down by losses in metal and oil&gas stocks. The market sentiments were dampened by delay in GST rollout, cut in GDP growth by IMF and rise in WPI inflation. IMF has cut India’s growth projection to 6.6 per cent from 7.6 per cent earlier for this financial year, citing demonetization effect. Shares of logistic companies extended rally today after the government cleared road for the Goods and Services Tax (GST) rollout from July 1 this year instead of the earlier deadline of April 1.

The 30-share barometer index of Bombay Stock Exchange, Sensex closed trade at 27235.66, down by 52.51 points or by 0.19 per cent, and the NSE Nifty ended at 8398, down by 14.8 points or by 0.18 per cent.

During the day’s trade, the BSE Sensex touched intraday high of 27381.43 and intraday low of 27179.19, while the NSE Nifty touched intraday high of 8440.9 and intraday low of 8378.3.

The top losers of the BSE Sensex pack were Reliance Industries Ltd. (Rs. 1041.30,-3.31%), Coal India Ltd. (Rs. 307.00,-2.14%), Oil And Natural Gas Corporation Ltd. (Rs. 194.90,-1.74%), Adani Ports & Special Economic Zone Ltd. (Rs. 294.80,-1.68%), Housing Development Finance Corporation Ltd. (Rs. 1243.05,-1.02%), among others.

On the flip side, NTPC Ltd. (Rs. 175.65,+3.08%), Asian Paints Ltd. (Rs. 960.15,+2.72%), Axis Bank Ltd. (Rs. 486.35,+1.98%), Hindustan Unilever Ltd. (Rs. 839.60,+1.52%), Hero MotoCorp Ltd. (Rs. 3131.65,+1.30%), were among top gainers on BSE.

On the sectoral front, metal and oil&gas stocks emerged as top losers, falling as much as 1.52 per cent and 1.39 per cent respectively.

The market breadth, indicating the overall strength of the market, was flat. On BSE out of total shares traded 3071, shares advanced were 1448 while 1433 shares declined and 190 were unchanged.

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