Nifty slips below key 10,500-mark, down 106 points
Nifty slips below key 10,500-mark, down 106 points
The NSE Nifty today shed 106 points to close at 10,430, hit by losses in sectors like metal, energy, realty and private banks amid continued foreign fund outflows and rising concerns over global crude oil prices.
Besides, weaker rupee as well as tepid global cues weighed on the investors' sentiment.
In the overseas markets, European shares dropped as crude prices weighed on energy companies. Asian shares too slipped after US President Donald Trump said he was not satisfied with bilateral trade talks with China that occurred last week.
Back home, the 50-share NSE Nifty closed at 10,430.35, down by 106.35 points or 1.01 per cent, its lowest closing level since April 11. The index hit a high of 10,533.55 and a low of 10,417.80 during the day.
It saw an intra-day movement of about 115.75 points.
On the sectoral front, metal fell by 3.74 per cent followed by energy 2.11 per cent, media 1.26 per cent, realty 0.86 per cent, private bank 0.67 per cent, finance service 0.63 per cent, FMCG 0.62 per cent, pharma 0.61 per cent, auto 0.48 per cent, bank 0.36 per cent and IT 0.15 per cent.
On the other hand, PSU banks and infra rose by 2.84 and 0.05 per cent, respectively.
Major index gainers were State Bank of India, Tech Mahindra, Cipla, NTPC, Larsen, Grasim, Indiabulls Housing Finance Limited, Tata Motors and Titan.
Losers included, Hindustan Petrolrum Corporation, Vedanta, Tata Steel, BPCL, ONGC, IOC, Bajaj Finance, Bajaj Finserv, Dr Reddy's and IndusInd Bank.
The market breadth remained positive. A total of 698 scrips advanced, 1,117 declined and 66 remained unchanged. Total securities that have hit their price band were 232.
Turnover in the cash segment rose to Rs 30,752.56 crore from Rs 32,483.65 crore as on Tuesday.
A total of 13,860.09 lakh shares changed hands in 1,15,48,940 trades. The market capitalisation of the listed firms on the NSE stood at Rs 1,43,33,275.29 crore.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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