Business
Shares of Tata Motors and Sun Pharma extended its losses after weak third quarter earnings yesterday.
Updated : Mar 23, 2018, 04:09 AM IST
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.)