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Nifty snaps 3-day winning streak ahead of Fed rate decision

Press Trust of India  |  Mumbai 

The slipped by 2 points to close at 9,084.80 today after a range-bound trading session ahead of US Federal Reserve's policy meeting outcome.

Buying was seen in PSU bank, auto, media and metal counters, while IT stocks dragged amid lower Asian cues.

European stocks edged higher in early trade. Asian stocks drifted lower tracking overnight losses on the as investors took profits before the US Fed policy meeting.

The 50-share index opened slightly lower at 9,086.85 and hovered between 9,106.55 and 9,075.50 before closing at 9,084.80, a loss of 2.20 points, or 0.02 percent. It saw an intra-day movement of about 31.05 points.

Sector-wise, IT declined by 1.68 per cent as rupee strengthened against the dollar.

PSU rose by 1.31 per cent, followed by Auto (0.78 per cent), Media (0.54 per cent), Metal (0.47 per cent), Service (0.41 per cent), Infra (0.40 per cent), Energy (0.30 per cent), (0.26 per cent), Pharma (0.22 per cent) and FMCG (0.22 per cent).

Major index losers were TCS (2.70 per cent), Infosys (2.21 percent), HUL (1.45 per cent), Wipro (1.31 per cent) and HCL Tech (1.25 per cent).

Notable gainers were Idea (9.75 per cent), Bhel (3.44 per cent), Of Baroda (3.42 per cent), (2.39 per cent), Tata Power (1.67 per cent) and Tata Motors Dvr (1.56 per cent).

A total of 890 scrips advanced, 768 advanced, while 86 remained unchanged. Total securities that hit their price bands were 112.

Turnover in the cash segment fell to Rs 24,615.85 crore from Rs 27,836.94 crore yesterday.

A total of 12,294.85 lakh shares changed hands in 8,684,022 trades. The market capitalisation of stood at Rs 11,718,152.27 crore.

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

First Published: Wed, March 15 2017. 18:23 IST