Snapping its eight-day
rally, the S&P BSE Sensex ended 222 points lower at 38,165 as investors
booked profit in recent gainers. Besides, selling in auto stocks, too, weighed
on the sentiment. The broader Nifty50 index of the National Stock Exchange ended below the crucial 11,500 level at 11,457, down 64 points or 0.56
per cent. Market breadth remained in favour of declines as out of 2,859
companies traded on BSE, 1,697 declined and 1,017 advanced while 145 stocks
remianed unchanged. On a weekly basis, Sensex gained 0.36 per cent while
Nifty added 0.26 per cent. Sectorally, barring realty stocks, all the
indices declined. PSU banks bled the most, followed by media and auto stocks.
The Nifty PSU Bank shed 2 per cent to end at 3,124 while the Nifty Auto index
lost 1.28 per cent to close at 8,337.
BUZZING STOCKS
ITC reclaimed the top
spot in the list of India's most-valued fast moving consumer goods (FMCG)
company in terms of market capitalistaion (market-cap) after a gap of five
months by surpassing Hindustan Unilever (HUL). The stock, eventually, ended at
Rs 298 apiece, down 10 per cent.
Shares of Maruti ended
nearly 2 per cent lower at Rs 6,558 on BSE. The stock has fallen over 7 per
cent in the past four trading days, after the emergence of a report suggesting
the company cut production due to lower demand.
Aviation stocks rallied
during the trade. SpiceJet ended 7 per cent higher at Rs 98 apiece.
No comments:
Post a Comment