Post Session: Sensex, Nifty end lower amid profit booking; oil&gas stocks weigh

28/02/2017 15:57

The Indian equity benchmarks ended lower for the second straight session on Tuesday, weighed down by losses in oil&gas and PSU stocks, as traders remained vulnerable to bouts of profit taking ahead of the US President Donald Trump’s first address to the US Congress later today. However, firm trading across broader markets capped losses, with MidCap and SmallCap indices rising as much as 0.14 and 0.59 per cent respectively.

The 30-share barometer index of Bombay Stock Exchange, Sensex closed at 28743.32, down by 69.56 points or by 0.24 per cent, and the NSE Nifty ended at 8879.6, down by 17.1 points or by 0.19 per cent.

During the day’s trade, the BSE Sensex touched intraday high of 28876.54 and intraday low of 28721.12, while the NSE Nifty touched intraday high of 8914.75 and intraday low of 8867.6.

The top losers of the BSE Sensex pack were Coal India Ltd. (Rs. 321.80,-2.48%), Bajaj Auto Ltd. (Rs. 2758.25,-1.56%), NTPC Ltd. (Rs. 163.10,-1.24%), Hero MotoCorp Ltd. (Rs. 3130.00,-1.21%), Tata Consultancy Services Ltd. (Rs. 2461.50,-1.10%), among others.

On the flip side, Bharti Airtel Ltd. (Rs. 368.10,+3.49%), Asian Paints Ltd. (Rs. 1025.90,+2.43%), Adani Ports & Special Economic Zone Ltd. (Rs. 301.75,+1.68%), Mahindra & Mahindra Ltd. (Rs. 1314.90,+1.45%), Sun Pharmaceutical Industries Ltd. (Rs. 679.00,+0.61%), were among top gainers on BSE.

On the sectoral front, oil&gas and PSU emerged as top losers, falling as much as 1.34 per cent and 0.4 per cent respectively.

The market breadth, indicating the overall strength of the market, was strong. On BSE out of total shares traded 3170, shares advanced were 1552 while 1389 shares declined and 229 were unchanged.

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