Post Session: Sensex, Nifty end lower; metals stock lose sheen

08/03/2017 16:10

The Indian equity benchmark ended lower weighed down by oil, metals, auto, infra and select private banks stocks, ahead of the exit polls data and results for assembly elections in five states and the US Federal Reserve policy meeting next week.

The 30-share barometer index of Bombay Stock Exchange, Sensex closed at 28901.94, down by 97.62 points or by 0.34 per cent, and the NSE Nifty ended at 8924.3, down by 22.6 points or by 0.25 per cent.

The state elections results next week has gripped investor sentiment and is seen as a key influencer of the market in the coming days. The state election results including that of Uttar Pradesh, will have a key influence on Prime Minister Narendra Modi’s chances of sealing a second term in 2019.

During the day’s trade, Sensex touched intraday high of 29022.32 and intraday low of 28815.48 The NSE Nifty touched intraday high of 8957.05 and intraday low of 8891.95.

The top losers of the BSE Sensex pack were Tata Steel Ltd. (Rs. 472.90,-1.89%), Oil And Natural Gas Corporation Ltd. (Rs. 192.75,-1.78%), Mahindra & Mahindra Ltd. (Rs. 1302.70,-1.30%), Infosys Ltd. (Rs. 1007.25,-1.22%), GAIL (India) Ltd. (Rs. 517.65,-1.18%), among others.

On the flip side, the top gainers of the BSE Sensex pack were State Bank of India (Rs. 269.70,+0.62%), Tata Consultancy Services Ltd. (Rs. 2513.90,+0.53%), Cipla Ltd. (Rs. 589.95,+0.40%), Power Grid Corporation of India Ltd. (Rs. 195.30,+0.39%), HDFC Bank Ltd. (Rs. 1391.45,+0.38%), among others.

On the sectoral front, metal and realty stocks emerged as top losers, falling as much as 1.91 per cent and 1.44 per cent respectively.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 3174 , shares advanced were 1146 while 1840 shares declined and 188 were unchanged.

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