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Wednesday, 15 February 2017

Nifty ends at 8725; Sensex dips 184 points, Nifty calls Tomorrow

Benchmark indices on Wednesday extended losses in spite of positive global cues, weighed by auto, pharma, infra and metals stocks. The BSE Sensex ended at 28,155, down 184 points, while the broader Nifty50 quoted 8,724, down 68 points at close.  Broader markets underperformed the headline indices with BSE Midcap losing 1.2% and BSE Smallcap losing and 1.5%. About 3 shares declined for every share rising on the BSE. 

Tata Motors fell 10% to Rs 436 after the automaker on Tuesday announced a 96% fall in December-quarter profit, citing sharply lower earnings at Jaguar Land Rover and losses in its domestic business. ICICI Bank, L&T, Adani Ports and Maruti Suzuki fell 1-2 percent while ITC, HDFC Bank, TCS, Reliance Industries and HDFC gained.


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