Nifty slips 80 pts on profit-booking, global cues
12:11 am
Seeking to avert higher tariffs, China dispatches top negotiator to U.S.
Oil prices firm amid U.S. sanctions on crude exporters Iran, VenezuelaNSE benchmark Nifty retreated from
record highs to end at 11,049.65 today as investors booked
profits in bank, finance service, realty, IT and media
sectors.
Overseas, European stocks were trading lower as investors
monitored corporate earnings.
Asian stocks fell across the board, tracking declines on
Wall Street in the previous session.
The Nifty 50 index fell 80.75 points or 0.73 per cent to
11,049.65, its lowest closing level since January 22, 2018.
It moved in a range of 11,121.10 and 11,033.90.
It saw an intra-day movement of about 87.20 points.
The broader markets fell for fourth consecutive session,
with Nifty Midcap and Smallcap indices down by 0.80 per cent
and 1.70 per cent, respectively.
On the sectoral front, Private Bank fell 1.12 per cent,
Finance Service 1.09 per cent, Realty 1.08 per cent, IT 1.02
per cent, Media 0.90 per cent, Bank 0.83 per cent, Pharma 0.61
per cent, Metal 0.59 per cent, Auto 0.43 per cent, Infra 0.36
per cent and FMCG 0.16 per cent.
Major index gainers were HPCL, IOC, BPCL, Coal India,
Hero MotoCorp, Bharti Airtel, Sun Pharma and SBI.
Losers were Eicher Motors, Kotak Mahindra Bank, Bharti
InfraTel, UPL, Asian Paints, Bajaj Finance and Dr Reddy's.
The market breadth, indicating its overall health, was
in favour of losers. On the NSE, 418 stocks advanced, 1,387
declined and 49 remained unchanged.
Total securities that hit their price bands were 224.
Turnover in the cash segment eased to Rs 34,631.47 crore
from Rs 35,515.69 crore as on Monday.
A total of 16,364.55 lakh shares changed hands in
11,542,032 trades. The market capitalisation of listed firms
on NSE stood at Rs 1,52,12,069.47 crore.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
