Indian share markets witnessed selling pressure in the final hour of trade to finish well below the dotted line.
Equity benchmarks reversed all morning gains in last couple of hours of trade, weighed by profit booking after hitting a fresh 52-week high in opening trade. The market’s attempt to touch 9000 level failed twice during the day.
NSE Nifty closed at 8,899 levels, down by 46 points or 0.5%, while BSE Sensex closed at 28,840 levels, down by 145 points or 0.5%.
Except the Auto sector index, all the other indices closed in negative territory on NSE today.
Broader markets shed its gains in the closing hours on Thursday. BSE Mid-cap index closed at 13,378 levels, down by 192 points or 1.41%. BSE Small-cap index closed at 13,574 levels, down by 178 points or 1.3%.
Tata Motors was the star performer despite the markets facing a weak day. Its stock closed at Rs 461 per share, up by Rs 12 per share or 2.8%. Tata Motors held the BSE Auto index in the positive territory, contributing the most to the index gains.
Neuland Laboratories Ltd., closed at Rs 1,257 per share, up by Rs 157 per share or 14%.
BS Ltd., closed at Rs 2.54 per share, up by Rs 0.23 per share or 9.9%.
National Aluminium Company Ltd., closed at Rs 75.7 per share, up by Rs 4.2 per share or 5.9%.
Biocon Ltd., closed at Rs 1,028 per share, down by Rs 88 per share or 7.9%.
There were 422 advances, 1,226 declines and 273 unchanged stocks on NSE, reflecting strong negative bias floating in the market.
The rupee was trading at 66.70 per US dollar.
Top 5 Nifty Gainers: Tata Motors Ltd. (2.91%), Bajaj Auto (2.38%), UltraTech Cement Ltd. (2.35%), Hero MotoCorp Ltd. (1.63%) and TCS (0.95%).
Top 5 Nifty Losers: BPCL (-4.31%), IDEA (-3.27%), Adani Ports Ltd. (-2.89%), Sun Pharma Ltd. (-2.58%) and NTPC (-2.56%)
To qualify NCFM Capital Market Dealers Module certification examination, register with Intelivisto.com and buy Capital Market comprehensive question bank which features mock test, chapter-wise and full length test as per NCFM standards. It also includes performance analysis tools to analyze the performance. For more information call on: +91-9891224488.