Post Session: Sensex, Nifty end tad lower amid profit booking; metal, auto stocks drag

07/03/2017 16:13

The Indian equity benchmarks ended tad lower on Tuesday, weighed down by losses in metal and auto stocks, as investors resorted to profit booking in frontline blue-chip such as Reliance industries, Infosys, ITC, Axis Bank, Lupin, Tata Steel, Maruti Suzuki and State Bank of India. Asian markets also ended lower as investors remained vigilant to lingering political risks in Europe after former French Prime Minister Alain Juppe ruled out standing in the country’s presidential elections, while Brexit woes and Trump new travel ban also dented market sentiment.

The 30-share barometer index of Bombay Stock Exchange, Sensex closed at 28999.56, down by 48.63 points or by 0.17 per cent, and the NSE Nifty ended at 8946.9, down by 16.55 points or by 0.18 per cent.

During the day’s trade, the BSE Sensex touched intraday high of 29098.17 and intraday low of 28957.68, while the NSE Nifty touched intraday high of 8977.85 and intraday low of 8932.8.

The top losers of the BSE Sensex pack were Tata Steel Ltd. (Rs. 482.00,-2.22%), Infosys Ltd. (Rs. 1019.70,-1.37%), Lupin Ltd. (Rs. 1455.50,-1.36%), Axis Bank Ltd. (Rs. 511.70,-1.28%), Maruti Suzuki India Ltd. (Rs. 5886.05,-0.85%), among others.

On the flip side, Adani Ports & Special Economic Zone Ltd. (Rs. 308.30,+1.97%), Oil And Natural Gas Corporation Ltd. (Rs. 196.25,+1.26%), Tata Consultancy Services Ltd. (Rs. 2500.70,+1.22%), HDFC Bank Ltd. (Rs. 1386.15,+0.42%), Wipro Ltd. (Rs. 493.80,+0.40%), were among top gainers on BSE.

On the sectoral front, metal and auto stocks emerged as top losers, falling as much as 1.79 per cent and 0.5 per cent respectively.

The market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 3205, shares advanced were 1275 while 1737 shares declined and 193 were unchanged.

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