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Nifty extends losses for the 2nd straight day, down 68 pts

Shares of Tata Motors and Sun Pharma extended its losses after weak third quarter earnings yesterday.

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The NSE 50-share Nifty extended its

losses for the second straight day on persistent selling

pressure mainly in Realty, Auto, Pharma, Banking and Infra

sectors in view of disappointing corporate results.

Shares of Tata Motors and Sun Pharma extended its losses

after weak third quarter earnings yesterday.

Higher advices from global markets failed to restrict

losses in the domestic market. Led by banks, US indexes closed

at record highs for a fourth-straight session on Tuesday after

Yellen hinted to the Senate Banking Committee that the central

bank could gradually raise interest rates sooner rather than

later

The NSE 50-share Nifty opened lower at 8,778.95 and

hovered in a range of 8,807.90 and 8,712.85 before ending at

8,724.70, showing a loss of 67.60 points or 0.77 per cent.

The Sensex has lost 80.35 points or 0.91 pct in two

days.

The Nifty Realty dropped by 3.92 pct followed by Auto

3.03 pct, Pharma 1.79 pct, PSU Bank 1.46 pct, Metal 1.45 pct

and Infra 1.24 pct.

Meanwhile, Foreign portfolio investors (FPIs) sold

shares worth a net Rs 6.45 crs yesterday, as per provisional

data released by the stock exchanges.

Major losers were Tata Motor (9.46 pct), Sun Pharma

(4.04 pct), Auto Pharma (3.39 pct) and BHEL 3.37 pct.

However, Infratel rose by 1.57 pct followed by Zeel

by 1.51 pct, ITC 0.96 pct, HDFC bank 0.85 pct and Bajaj Auto

0.41 pct.

A total of 1,364 scrips declined, 302 advanced, while

56 remained unchanged. Total securities that hit their price

bands were 106.

Turnover in the cash segment rose to Rs 22,334.20 crs

from Rs 19,942.50 crs yesterday.

A total of 11,786.52 lakh shares changed hands in

8,600,041 trades. The market capitalisation of NSE stood at Rs

11,275,967 crore.

 

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)

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