Tuesday Market closing reports– The market has closed lower with FMCG and IT stocks under pressure. The Sensex was down 87.66 points or 0.3% at 28,091.42 and the Nifty was down 17.65 points or 0.2% at 8,691.30.
About 1,352 shares advanced, whereas 1,438 shares declined and 234 shares were unaffected.
Adani Ports, Dr Reddy's Labs, Asian Paints, ICICI Bank and Axis Bank were gainers, while M&M, Tata Steel, GAIL, HUL and ONGC were losers.
Tata Group stocks closed in a negative zone following Ratan Tata took back control of the Tata Group after Cyrus Mistry was suddenly removed as Chairman of the company. Tata Steel fell 2.5%, TCS slipped 1.2% while Tata Metaliks tumbled 4.9%.
Today’s major turn down was led by the FMCG, capital goods, auto, IT, energy and oil and gas stocks,while consumer durables, Pharma and banking were among the gainers.
Federal Bank ascended 8.3% after the bank posted a net profit of Rs. 201 cr for the quarter ended Sept 30, 2016 as compared to Rs 161.3 crore for the quarter ended September 30, 2015.
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