Nifty snaps four-day rally, holds on 10,200

Benchmark NSE Nifty slipped on the

last day of Samvat 2073 by 24 points but still managed to hold

on 10,200, dragged by banking, pharma, finance service and

auto sectors.

Overall trading sentiment was dull ahead of a long Diwali

holiday weekend.

Overseas, European shares edged higher as investors

monitored the latest batch of earnings and economic data

releases. Asian stocks were mixed as investors in the region

looked to China's Party Congress for signs on future policy

direction in the world's second-largest economy.

The Nifty opened lower at 10,209.40 and moved in a

range of 10,236.45 and 10,175.75 before ending at 10,210.85,

showing a modest loss of 23.60 points, or 0.23 per cent, from

its last close.

It saw an intra-day movement of about 60.70 points.

On the sectoral front, PSU banks fell 2.49 per cent,

Private banks 1.62 per cent, banka 1.35 per cent, pharma 1.21

per cent, finance service 0.98 per cent and auto 0.48 per

cent.

However, energy and FMCG rose by 2.66 and 0.25 per cent,

respectively.

Among major index losers: Axis Bank was the biggest loser

after sharp rise in slippages in Q2 followed by ICICI Bank,

InfraTel, Cipla, TechM, SBIN and Yes Bank.

Gainers were reliance, powergrid, IbulHsgFin, ONGC,

Wipro, Kotak Bank, NTPC and ITC.

he market breadth, indicating the overall health of

the market, was in favour of declines. On the NSE, 952 stocks

declined 762 advanced and 65 stocks remained unchanged.

Total securities that hit their price bands were 142.

Turnover in the cash segment rose to Rs 30,596.25

crore from Rs 28,016.58 crore yesterday.

A total of 12,736.94 lakh shares changed hands in

9,631,880 trades. The market capitalisation of listed firms

on NSE stood at Rs 1,37,79,309 crore.

 

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)