You are here: Home » PTI Stories » National » News
Business Standard

Nifty ends at 8-week low as RBI maintains status quo

Press Trust of India  |  Mumbai 

Benchmark dropped 74 points today following a sell-off in PSU bank, metal, pharma, infra, and financial services sectors after the RBI expectedly kept repo rate unchanged but raised forecast for the second half of this fiscal.

Negative leads from also dampened investor sentiment. However, buying in IT and energy counters cushioned the fall.


Overseas, Asian ended lower as investors monitored corporate earnings and fresh economic data. European were trading weak as well.

The opened lower at 10,088.80 and moved in a range of 10,104.20 and 10,033.35, before ending at 10,044.10, down by 74.15 points, or 0.73 per cent. This is its lowest closing level since October 11, 2017.

It saw an intra-day movement of 70.85 points.

The mid-cap and small-cap indices fell 1.03 per cent and 0.49 per cent, respectively.

Sector-wise, PSU fell 2.10 per cent, Metal 1.95 per cent, Service 1.29 per cent, Infra 1.19 per cent, 1.09 per cent, Private 0.90 per cent, Auto 0.72 per cent, Media 0.41 per cent, Realty 0.33 per cent and FMCG 0.29 per cent.

However, IT and Energy moved up by 0.45 per cent and 0.16 per cent, respectively.

Major index gainers were Tech Mahindra, Reliance, Maruti, HCL Tech, HUL, Ambuja Cement, Infosys and Zee.

Losers included Bosch, Hindalco, Eicher Motors, Aurobindo Pharma, Vedanta, Sun Pharma, SBI and HDFC.

The market breadth, indicating its overall health, was in favour of losers. On the NSE, 560 advanced, 1,190 declined, while 72 remained unchanged.

Total securities that hit their price bands were 176.

Turnover in the cash segment eased to Rs 25,481.20 crore from Rs 25,495.51 crore as on Tuesday.

A total of 12,045.40 lakh changed hands in 1,00,29,026 trades. The market capitalisation of listed firms on the stood at Rs 1,41,24,053.19 crore.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, December 06 2017. 18:30 IST
RECOMMENDED FOR YOU