Friday, 16 December 2016
Nifty ends at 8139, Sensex ends lower; Bharti, ONGC fall 2-3%
Key Benchmark indices continue to trade in a low range with negative bias with Sensex falling 30 points to 26,489 and the Nifty50 down 14 points at 8139. In the broader market, BSE Midcap index closed little changed, while BSE Smallcap index slipped 0.25 percent. The overall market breadth remained negative.
ICICI Bank, ITC, Bharti Airtel, Adani Ports, ONGC, Hero Motocorp and Tata Steel were down 1 to 3 percent, whereas Tata Motors, Infosys, TCS and Cipla gained above 1 percent. About 1492 shares declined while 1119 shares advanced on the BSE.
Domestic markets witnessed more vulnerable than other emerging markets owing to the live demonetization drive and its heavy impact on corporate performances.
Among overseas market, Asian stocks were lacking in passion, reflecting the differing fortunes for emerging market economies faced with higher US interest rates.
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