Thursday, September 21, 2017

SENSEX ENDS MARGINALLY LOWER , NIFTY ABOVE 10,100


The Sensex on Thursday fell by 30 points to 32,370, extending losses for a third day, due to capital outflows by foreign funds after the US Federal Reserve announced plan to wind down stimulus measures and hinted at another interest rate. Market end flat after pharma stocks  rallied on positive corporate announcements. The Nifty Pharma index rose over 3% hitting 7-week high on Thursday. And Banking stocks fell. Andhra Bank fell 4%, Bank of India 3%, Syndicate Bank 2.6%, Karnataka Bank 2.6%, Punjab National Bank 2.3%, Canara Bank 2.1%, Allahabad Bank 2.1%, ICICI Bank 2%, Oriental Bank of Commerce 2%, Indian Bank 2%, Bank of Baroda 1.8% and South Indian Bank 1.7%. Dr Reddy’s Laboratories Ltd surged over 6.5% to Rs2,462.90 

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