Nifty slips 80 pts on profit-booking, global cues

Updated: Wed, Jan 31, 2018
12:11 am
PTI
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NSE 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.)

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