Post Session: Sensex ends 205 pts lower, Nifty below 9,400; broader markets crack

23/05/2017 15:47

The Indian equities ended bleeding in red on Tuesday, weighed down by sharp decline in realty and pharmaceutical stocks, as investors resorted to profit booking after strong rally in the last few trading sessions. Reports of a suspected terrorist attack at Manchester that took 22 lives during a pop concert by US star Ariana Grande also kept investors jittery in markets. The broader markets witnessed hefty selling with MidCap and SmlCap indices falling between 1.5-1.9 per cent. Pharma index fell over 2 per cent after index heavyweight Sun Pharma’s overseas arm Taro reported weak earnings, which saw shares skidding 4.19 per cent. Among others, Adani Ports & Special Economic Zone tumbled 6.29 per cent after media reported that company has deferred investment decision for its Australian project.

The 30-share barometer SENSEX closed at 30365.25, down by 205.72 points or by 0.67 per cent, and the NSE Nifty ended at 9386.15, down by 52.1 points or by 0.55 per cent.

During the day’s trade, Sensex touched an intraday high of 30610.64 and intraday low of 30316.92, while the NSE Nifty touched intraday high of 9448.05 and intraday low of 9370.

The top losers of the BSE Sensex pack were Adani Ports & Special Economic Zone Ltd. (Rs. 332.05,-6.19%), Cipla Ltd. (Rs. 533.15,-4.89%), Sun Pharmaceutical Industries Ltd. (Rs. 612.55,-4.33%), Bajaj Auto Ltd. (Rs. 2824.50,-3.02%), GAIL (India) Ltd. (Rs. 380.45,-2.74%), among others.

On the flip side, Maruti Suzuki India Ltd. (Rs. 6880.30,+2.70%), Mahindra & Mahindra Ltd. (Rs. 1329.35,+1.71%), Wipro Ltd. (Rs. 526.70,+1.15%), Tata Steel Ltd. (Rs. 490.40,+0.78%), Hero MotoCorp Ltd. (Rs. 3585.00,+0.58%), were among the top gainers on the BSE.

Among the sectors, healthcare and realty stocks emerged as top losers, falling as much as 2.72 per cent and 2.59 per cent, respectively.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 3054, shares advanced were 686 while 2192 shares declined and 176 were unchanged.

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