News Details

( 06 Nov 2017)
Sensex down 36 pts, Nifty holds 10,400; metal, oil&gas stocks drag

The Indian equity indices were trading lower in late morning deal on Monday, led by losses in index heavyweights such as Bharti Airtel, Reliance Industries, State Bank of India, Hero MotoCorp and Tata Steel. Globally, the markets across Asia were trading mostly lower as investors digested earnings reports, while caution prevailed as US President Donald Trump began his Asian tour.

The 30-share benchmark index was trading at 33649.28, down by 36.28 points or by 0.11 per cent, and the NSE Nifty was at 10432.7, down by 19.8 points or by 0.19 per cent.

In the early trade, the Sensex touched intraday high of 33710.15 and intraday low of 33582.38, while the NSE Nifty touched intraday high of 10449.5 and intraday low of 10413.75.

The top losers of the BSE Sensex pack were Bharti Airtel Ltd. (Rs. 531.00,-1.91%), Sun Pharmaceutical Industries Ltd. (Rs. 545.65,-1.19%), ICICI Bank Ltd. (Rs. 312.30,-1.12%), Reliance Industries Ltd. (Rs. 935.35,-1.08%), Tata Steel Ltd. (Rs. 702.70,-0.87%), among others.

On the flip side, Mahindra & Mahindra Ltd. (Rs. 1367.25,+2.71%), Tata Motors Ltd. (Rs. 251.45,+1.84%), Tata Motors Ltd. (Rs. 454.05,+1.60%), Oil And Natural Gas Corporation Ltd. (Rs. 194.35,+1.57%), Adani Ports & Special Economic Zone Ltd. (Rs. 440.00,+1.31%), were among top gainers on BSE.

On the sectoral front, metal and oil&gas stocks emerged as top losers, falling as much as 0.74 per cent and 0.39 per cent, respectively.

The market breadth, indicating the overall strength of the market, was strong. On BSE out of total shares traded 2374, shares advanced were 1246, while 1014 shares, declined and 114 were unchanged.