Skip to main content

Nifty down 39 points ahead of crucial US Fed meet

Mumbai: The Nifty 50-share index fell 39.35 points at 8,182.45 following selling mainly in metal, PSU banks, infra, FMCG, pharma and finance sectors.
Market sentiment were lacklustre tracking subdued trading on the bourses of European and Asian peers ahead of the outcome of a crucial US Federal Reserve policy meeting tonight.
However, realty, IT and energy traded in green, providing some relief to a sluggish day.
Overseas, European stocks were trading lower as investors focused on an upcoming rate decision by the US Federal Reserve. Whiel, Asia stocks ended mixed.
Back home, the Nifty opened marginally higher at 8,229.35 and moved in a range of 8,229.40 and 8,165.10 before ending at 8,182.45, showing a fall of 39.35 pts or 0.48 pct.
It saw an intra-day movement of about 64.30 points.
On sectoral front, metal fell by 1.51 per cent, PSU bank 1.30 per cent, infra (0.93 per cent), FMCG (0.87 per cent), pharma (0.81 per cent), finance service (0.69 per cent), banks (0.67 per cent) and auto (0.54 per cent).
However, IT fell by 0.70 per cent, realty (0.42 per cent and energy 0.04 per cent.
Major index laggards were Coal India (4.56 per cent), Bosch Ltd (2.63 per cent), Auropharma (2.25 per cent), Eicher Motors (2.38 per cent), BhartiAirtel (2.24 per cent) and TechM (1.91 per cent).
The gainers included Axis Bank (3.15 per cent), HCL Tech (2.48 per cent), Reliance (1.89 per cent), Tata Power (1.42 per cent), Infosys (0.96 per cent).
A total of 1,131 scrips declined 470 advanced while 71 remained unchanged. Total securities that hit their price bands were 81.
Turnover in the cash segment eased to 16,150.98 crore from Rs 18,050.07 crore as on Tuesday.
A total of 7,599.45 lakh shares changed hands in 7,501,927 trades. The market capitalisation of NSE stood at Rs 10,492,670.40 crore.


Comments

Post a Comment

Popular posts from this blog

Cyclone Vardah: How and why was it named

Cyclones explained: How are they named, what constitutes them and how do they differ from typhoons and hurricanes. How are cyclones named? Tropical cyclones passing over the northern part of the Indian Ocean are named by eight countries in the region, namely India, Pakistan, Bangladesh, Sri Lanka, Maldives, Myanmar, Oman and Thailand. The process only began in 2004, fours years after World Meteorological Organization agreed in principle to allow them to name cyclones originating in the Bay of Bengal and Arabian Sea. The alphabet system is used to designate the name of a cyclone, which means the name of the year’s first cyclone begins with A. Previously, till 1979, cyclones were only given female names. Male names were only introduced in the same year. World Meteorological Organization (WMO) maintains the database of cyclone/hurricane/typhoon names. There are six lists of names used in rotation and they are recycled every six years. The names are picked from this pre-designated l...
Post a Comment
Read more

Antonio Guterres, former PM of Portugal, sworn in as 9th UN Secretary-General

United Nations Secretary-General-designate Antonio Guterres of Portugal speaks to members of the media after being sworn in at UN headquarters in New York, U.S., December 12 2016. Former Portuguese Prime Minister Antonio Guterres was sworn in as the ninth United Nations Secretary-General on Monday. He pledged to personally help broker peace in various conflicts and reform the world body so that it becomes more effective. Guterres, 67, will replace South Korea's Ban Ki-moon on January 1 2017 after Ban steps down at the end of this year. He served as secretary-general of the UN for 10 years. Guterres served as the prime minister of Portugal from 1995 to 2002 and as the UN High Commissioner for Refugees from 2005 to 2015. "From the acute crises in Syria, Yemen, South Sudan and elsewhere, to long-running disputes including the Israeli/Palestinian conflict, we need mediation, arbitration as well as creative diplomacy... As part of my good offices I am ready to engag...
Post a Comment
Read more

India developing atomic submarines, says Pakistan

File photo for representational purpose | PTI
Post a Comment
Read more