Share markets extended decline to post their third weekly loss with a broad-based sell-off, led by index heavyweights HDFC, HDFC Bank, Reliance Industries and ITC. Sentiment took a hit after TDP (Telegu Desam Party) reportedly decided to leave the ruling NDA govt.
The BSE Sensex fell 1.51% or 509.54 points to 33,176 and the NSE Nifty index fell 1.59% or 165 points to 10,195. Both indices posted their third consecutive weekly fall. For the week, the Sensex fell 0.39% and the Nifty fell 0.31%.
All the sectoral indices ended in the red with Metal index falling 2.3% followed by O&G down by 2.09%, energy, power, realty, auto, capital goods, finance and healthcare sectors falling by 2.09 % to 1.32%.
Reliance Industries and HDFC contributed the mostly to the fall in BSE Sensex, as they lowered it by 72 pts and 50 pts respectively. ITC and HDFC Bank also hit it off by 47 points and 29 points respectively, out of the total fall of 468 points.
Top Gainers and Losers on NSE: Mahindra & Mahindra (+1.99%), Yes bank (+0.85%), HUL (+0.77%), Wipro (0.55%) and Tech Mahindra (-0.47%) were top gainers on Nifty50. On the other hand, IOC (-4.22%), Tata Motors (-3.85%), Ultratech (-3.55%), and BPCL (-3.43%) were the top losers.
0 comments:
Post a Comment