Home World Business Sensex trades lower, Nifty below 9,350 on profit-booking; ITC top loser

Sensex trades lower, Nifty below 9,350 on profit-booking; ITC top loser

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The market breadth, indicating the overall health of the market, turned negative from positive

SI Reporter  |  New Delhi  April 28, 2017 Last Updated at 14:02 IST

The benchmark indices on Friday continued to trade lower as investors booked profits in index heavyweights such as ITC, HDFC, Bank and ahead of a long weekend, but were still on track to post their biggest weekly gain in six weeks.


At 1:51 pm, the S&P BSE was trading at 29,925, down 104 points, while the broader Nifty50 was ruling at 9,306, down 36 points. 


In the broder market, the S&P BSE Midcap and S&P BSE Smallcap indices outperformed to gain 0.3% and 0.4%, respectively.  


The market breadth, indicating the overall health of the market, turned negative from positive. On BSE, 1,343 shares fell and 1,234 shares rose. A total of 135 shares were unchanged.


Realty index (down 1.5%) was the leading sectoral loser, led by losses in Indiabulls Real Estate (down 5%), Prestige (down 4%) and Delta Corp (down 2%).


The Bank fell 0.6%, snapping a five-session winning streak. and Bank were the biggest losers on the index, dropping over 1.5% each.


Public sector banks (PSBs), Andhra Bank, Canara Bank, Indian Bank, Oriental Bank of Commerce and Vijaya Bank hit their respective 52-week highs on the NSE in an otherwise weak market.


Punjab National Bank (PNB), Punjab & Sindh Bank, Union Bank of India, Corporation Bank, Bank of Maharashtra and Syndicate Bank gained anywhere between 3% and 5%, and were trading close to their 52-week highs.


Consumer goods and cigarettes maker declined for a second day and was down 2.6% and was the biggest loser on the


Among the losers, biopharmaceutical company fell as much as 3.4% after the company on Thursday reported a 62% plunge in March-quarter consolidated profit.


Overseas, Asian stocks slipped as investors booked profits after a strong week. South Korea’s KOSPI index, which opened higher, reversed its gains and fell 0.2%.


MSCI’s broadest index of Asia-Pacific shares outside Japan lost 0.15%.  

Sensex trades lower, Nifty below 9,350 on profit-booking; ITC top loser

The market breadth, indicating the overall health of the market, turned negative from positive

The market breadth, indicating the overall health of the market, turned negative from positive

The benchmark indices on Friday continued to trade lower as investors booked profits in index heavyweights such as ITC, HDFC, Bank and ahead of a long weekend, but were still on track to post their biggest weekly gain in six weeks.


At 1:51 pm, the S&P BSE was trading at 29,925, down 104 points, while the broader Nifty50 was ruling at 9,306, down 36 points. 


In the broder market, the S&P BSE Midcap and S&P BSE Smallcap indices outperformed to gain 0.3% and 0.4%, respectively.  


The market breadth, indicating the overall health of the market, turned negative from positive. On BSE, 1,343 shares fell and 1,234 shares rose. A total of 135 shares were unchanged.


Realty index (down 1.5%) was the leading sectoral loser, led by losses in Indiabulls Real Estate (down 5%), Prestige (down 4%) and Delta Corp (down 2%).


The Bank fell 0.6%, snapping a five-session winning streak. and Bank were the biggest losers on the index, dropping over 1.5% each.


Public sector banks (PSBs), Andhra Bank, Canara Bank, Indian Bank, Oriental Bank of Commerce and Vijaya Bank hit their respective 52-week highs on the NSE in an otherwise weak market.


Punjab National Bank (PNB), Punjab & Sindh Bank, Union Bank of India, Corporation Bank, Bank of Maharashtra and Syndicate Bank gained anywhere between 3% and 5%, and were trading close to their 52-week highs.


Consumer goods and cigarettes maker declined for a second day and was down 2.6% and was the biggest loser on the


Among the losers, biopharmaceutical company fell as much as 3.4% after the company on Thursday reported a 62% plunge in March-quarter consolidated profit.


Overseas, Asian stocks slipped as investors booked profits after a strong week. South Korea’s KOSPI index, which opened higher, reversed its gains and fell 0.2%.


MSCI’s broadest index of Asia-Pacific shares outside Japan lost 0.15%.  

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SI Reporter

Business Standard

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