Business
Some buying activity is seen in Metal, Oil & gas, Healthcare, Power and Consumer Durables stocks.
Updated : Mar 23, 2018, 02:50 AM IST
Benchmark Sensex indices continued
to fall amid consolidation, down by 62 points in late morning
trade and dragged by profit-booking in Auto, IT, Technology,
Industrials and Banking sectors ahead of outcome of monetary
policy committee meeting due tomorrow amid weak Asian cues.
Some buying activity is seen in Metal, Oil & gas,
Healthcare, Power and Consumer Durables stocks.
The Sensex opened higher at 28,443.23 and moved in a range
of 28,483.41 and 28,361.97. At 1100 hrs, the 30-share
barometer was quoted lower by 61.92 pts, or 0.22 per cent,
at 28,377.36.
The NSE 50-share Nifty was also down 21.05 points, or 0.24
per cent, at 8,780 at 1100 hrs.
Among the major lossers were, Tata Motors 1.55 per cent,
M&M 1.22 per cent, Bajaj Auto 1.20 per cent and Wipro 1.00 per
cent.
However, SunPharma rose by 0.92 per cent, ITC 0.63 per
cent, Tata Steel 0.62 per cent, Cipla 0.58 per cent,
Asianpaints 0.53 per cent, GAIL 0.51 per cent.
Meanwhile, Foreign portfolio investors (FPIs) sold shares
worth a net Rs 449.52 crore yesterday, as per provisional
data released by the stock exchanges.
Overseas, appetite for Asian stocks and the Euro
evaporated early today as economic and political fears sent
investors seeking shelter in the yen, while forecasts of
China's foreign exchange reserves has fallen for a seventh
month added to jitters.
US stocks closed modestly lower yesterday, as the
S&P 500 index snapped a 3-day winning streak after mixed
earnings.
(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)