Equities close marginally lower; Nifty50 at fresh intra-day high

by Jared Lewis September 22, 2017, 0:14
Equities close marginally lower; Nifty50 at fresh intra-day high

Indian shares fell on Thursday, dragged down largely by banks including ICICI Bank as investors booked profits a day after the U.S. Federal Reserve signalled one more rate hike by the end of this year.

The Nifty, after shuttling between 10,171.05 and 10,134.20, ended the day at 10,141.15 - lower by 6.40 points - or 0.06 per cent.

After opening in the positive zone at 32,406.42, the Sensex advanced to the day's high of 32,462.61 at the outset largely on the back of unabated buying by domestic investors. BSE small- and mid-cap indices dwarfed the benchmarks, rising to new highs with gains of 0.36 per cent and 0.13 per cent, respectively.

The 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 32,467.10 points, closed at 32,400.51 points - down 1.86 points, or 0.01 per cent, from its previous close at 32,402.37 points.

The US Dow Jones Industrial Average ended 0.19 per cent higher in yesterday's trade.

"The short term trend of Nifty is choppy with weak bias".

Matrimony.com had a subdued listing today as the stock closed lower at Rs 901.20, down 8.5 percent from issue price of Rs 985 due to weak market condition.

The Nifty FMCG index dropped as much as 1.1 percent, with ITC Ltd declining up to 1.3 percent after two consecutive sessions of gains. "So, this can impact in the short-term but unlikely in the long-term, as seen by the appreciation of INR (Indian rupee) in spite of selling by FII", Nair added.

Meanwhile, domestic institutional investors (DIIs) bought shares worth a net Rs 125.55 crore while foreign portfolio investors (FPIs) bought equities of Rs 418.86 crore on Friday, showed provisional data.

It also regained against the Japanese yen to close at 57.60 per 100 yens from 57.73 yesterday.

Banking stocks were among the top laggards.

On the other hand, the S&P BSE healthcare index surged by 377.56 points, IT index was up 17.95 points and telecom index was a tad up by 0.37 points.

However, pharma shares saw a steep hike on indices as shares of Dr. Reddy's (up 3.31%), Cipla (up 1.67%), Sun Pharma (up 1.49%), Lupin (up 1.26%), Bajaj Auto (up 1.07%), and Tata Steel (up 0.84%) were the top gainers of morning trade.


TOP News

Doom and Wolfenstein II Coming To Nintendo Switch

Tracking Jose: Jose Still a Hurricane

Pittsburgh Steelers' Antonio Brown unveils new touchdown celebration

Rohingya issue: Centre set to file affidavit in Supreme Court

Malaysia's private religious schools face regulation pressure after deadly fire

Jose Mourinho not expecting goals record for Romelu Lukaku

How you can watch Saul Alvarez vs Gennady Golovkin online

Game of Thrones season eight to have multiple endings to avoid leaks

Threat To UK PM May Of Johnson Resignation "Recedes" On Brexit Accord

Kenya Supreme Court: 'No choice but to accept' opposition hacking claims