News Details

( 14 Mar 2018)
Mid-Session: Sensex, Nifty stay under selling pressure; PSU banks drag

The Indian equities continued to trade lower in afternoon session of day’s trade on Wednesday, tracking weak cues from Asian peers, as investor sentiment were dented after the US President Donald Trump fired Secretary of State Rex Tillerson amid public rifts over policy on North Korea. State-run banks were trading lower on Wednesday on the Bombay Stock Exchange after the Reserve Bank scrapped issuance of letters of undertaking (LoUs) and letters of comfort (LoCs) for importers with immediate effect. Shares of YES Bank rose over 1 per cent on the Bombay Stock Exchange after the private lender said it has acquired more than 17 per cent share in Fortis Healthcare.

At 12:16 hours, the 30-share benchmark index was trading at 33636.42, down by 220.36 points or by 0.65 per cent, and the NSE Nifty was at 10354.5, down by 72.35 points or by 0.69 per cent.

Among the thirteen sectoral indices, realty and oil&gas stocks emerged as top losers on BSE, falling as much as 0.8 per cent each.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2619, shares advanced were 1033, while 1444 shares declined and 142 were unchanged.

During the day’s trade so far, the BSE Sensex touched intraday high of 33800.04 and intraday low of 33619.05, while the NSE Nifty touched intraday high of 10407.05 and intraday low of 10349.2.

The top losers of the BSE Sensex pack were Hero MotoCorp Ltd. (Rs. 3630.00,-1.93%), Adani Ports & Special Economic Zone Ltd. (Rs. 378.65,-1.59%), ICICI Bank Ltd. (Rs. 299.70,-1.41%), Bharti Airtel Ltd. (Rs. 420.45,-1.28%), State Bank of India (Rs. 251.75,-1.24%), among others.

On the flip side, YES Bank Ltd. (Rs. 316.90,+1.21%), Power Grid Corporation of India Ltd. (Rs. 196.05,+0.31%), Maruti Suzuki India Ltd. (Rs. 8778.00,+0.28%), Hindustan Unilever Ltd. (Rs. 1320.50,+0.21%), were among top gainers on the Bombay Stock Exchange.