1. Nifty loses 2-day rising spell, slips on profit-booking

Nifty loses 2-day rising spell, slips on profit-booking

The NSE 50-share Nifty's two days of climb came to an end after it slipped 33 points to close at 9,127 due to profit-booking, with lower global cues hardly helping things.

By: | Mumbai | Published: March 20, 2017 6:42 PM
Anupam Singhi, COO of William O’Neil India, said, “The Nifty started in the green and soon nosedived into the negative territory to end at 9,126.85. (Reuters)

The NSE 50-share Nifty’s two days of climb came to an end after it slipped 33 points to close at 9,127 due to profit-booking, with lower global cues hardly helping things. Anupam Singhi, COO of William O’Neil India, said, “The Nifty started in the green and soon nosedived into the negative territory to end at 9,126.85. The index lost 0.36 per cent, or 33.20 points, in today’s session. The index traded in a range of 9,116.30-9,167.60.” The Nifty had gained by 75.75 points, or 0.83 per cent, in the previous two trading days.

On the sectoral view, Nifty media, pharma and PSU bank indices ended the day with decent gains. However, decline of the Nifty IT, private bank, realty and bank indices gave markets a negative finish. The major loser was Idea 9.62 per cent, followed by Axis Bank 2.77 per cent, ICICI Bank 1.98 per cent, TCS 1.81 per cent and Infosys 1.81 per cent.

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However, Auro Pharma went up 2.52 per cent, Grasim 2.02 per cent, Eicher Motors 1.65 pct and BHEL 1.33 per cent. A total of 863 declined, 795 advanced while 97 remained unchanged. Total securities that hit their price bands were 128. Turnover in the cash segment fell to Rs 22,650.34 crore, from Rs 31,890.88 crore last Friday.

A total of 13,008.07 lakh shares changed hands in 7,785,112 trades. The market capitalisation of NSE stood at Rs 1,18,08,093 crore.

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