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Nifty ends below 9,600 post Fed rate hike

Press Trust of India  |  Mumbai 

Benchmark shed 40 points to end below the 9,600-mark for the first time since May 26 amid sustained selling in IT, infra, auto and counters following the expected by US Fed.

In overseas markets, Asian and European stocks edged lower as investors took profits after US markets' muted reaction to the Federal Reserve's rate rise and plan to start shrinking its balance sheet.


The 50-share index opened lower at 9,617.90 and hovered between 9,621.40 and 9,560.80 before finishing at 9,578.05, a loss of 40.10 points, or 0.42 per cent.

It saw an intra-day movement of about 60.60 points.

Sector-wise, IT fell 0.85 per cent, infra 0.76 per cent, auto 0.60 per cent, PSU 0.42 per cent, 0.46 per cent private 0.42 per cent, service 0.41 per cent, media 0.38 per cent and metal 0.38 per cent.

However, realty rose 2.16 per cent, pharma 1.25 per cent and FMCG 0.03 per cent.

In the broader market, the mid-cap and small-cap indices continued to strengthen and rose 0.29 per cent and 1.17 per cent, respectively.

Major index losers were IOC (3.24 per cent), BPCL (3.12 per cent), TCS (2.39 per cent), Bharti Infratel (2.93 per cent) and Of Baroda (1.85 per cent)

Gainers included (6.94 per cent), Wipro (1.85 per cent), Cipla (1.77 per cent), Reliance Industries (1.95 per cent), Dr Reddy's (1.17 per cent) and ACC (1.00 per cent).

A total of 844 scrips declined, 835 advanced, while 75 remained unchanged.

Total securities that hit their price bands were 122.

Turnover in the cash segment eased to Rs 23,944.36 crore from Rs 24,369.73 crore yesterday.

A total of 12,391.76 lakh shares changed hands in 88,11,832 trades.

The market capitalisation of listed firms on the stood at Rs 1,25,10,739.57 crore.

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

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