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Sensex ends 266 points lower, Nifty below 9,850; auto, pharma, realty drag

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SI Reporter  |  New Delhi 

Analyst View:   Anand James, Chief Market Strategist, Geojit Financial Services says: Markets continue to appear guarded against any further regulatory measures, and persisted with profit booking. High beta stocks withdrew sharply and bear grip was especially strong on realty sector in which SEBI list found many companies. Global cues have also remained subdued due to geopolitical tensions. The corrections however may have helped address valuation concerns raised while Nifty was well above 10,000.   Realty sector fell over 5% in todays trade: DLF fell over 6% followed by India Bulls Real Estate (down 5.7%), Prestige Realty (down 4%), Sobha (down 2.6%) and Unitech (down 1.9%) Nifty IT index was the only sectoral index that ended in green.  Source: NSE Tata Motor's shares ended over 8% lower to their lowest in over a year after the company's 42% rise in June-quarter profit, helped by a one-off gain related to changes to Jaguar Land Rover's pension plans, failed to please investors. Top gainers and losers on Sensex Source: BSE Broader markets underperformed the enchmark indices with BSE Midcap and BSE Smallcap down 2.6% ans 2.9% respectively

Extending losses for the fourth straight session, the benchmark indices ended pared some intra-day losses but still ended lower led by losses in pharma, auto and banking stocks. Individual stocks also dragged the sentiment on poor June-quarter result show.  During the day, Nifty fell as much as 131 points, over 1%, witnessing its biggest intraday fall in 8 months while Sensex fell 375 points, largest drop in almost 3 weeks. Tata Motor's shares fell over 8% to their lowest in over a year after the company's 42% rise in June-quarter profit, helped by a ...

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First Published: Thu, August 10 2017. 15:34 IST
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Sensex ends 266 points lower, Nifty below 9,850; auto, pharma, realty drag

Catch all that happened in the market here

Extending losses for the fourth straight session, the benchmark indices ended pared some intra-day losses but still ended lower led by losses in pharma, auto and banking stocks. Individual stocks also dragged the sentiment on poor June-quarter result show.  During the day, Nifty fell as much as 131 points, over 1%, witnessing its biggest intraday fall in 8 months while Sensex fell 375 points, largest drop in almost 3 weeks. Tata Motor's shares fell over 8% to their lowest in over a year after the company's 42% rise in June-quarter profit, helped by a ...

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