Indian benchmark indices kicked off on a negative note followed by global geopolitical cues, remained subdued throughout the session majorly driven by pharma sector. Markets tumbled in the last half an hour following Arun Jaitley’s comment on income profiles of domestic individuals
NSE Nifty closed hit below 9200 mark and closed at 9198, while BSE Sensex shed 220 points and closed at 29706.
Broader markets too retreated to close marginally lower by 0.3% and 0.47% for Midcap and Smallcap. Apart from Media and Pharma, Metal, PSU Banks and Realty too tumbled more than 1% on closing basis.
Asian stock markets finished mixed as of the most recent closing prices. The Nikkei 225 gained 0.36% and the Shanghai Composite rose 0.17%. The Hang Seng lost 0.03%. European markets are mixed to lower. Shares in Germany are off as the DAX drops 0.52%. The CAC 40 is down 0.34% while the FTSE 100 in London is unchanged.
BPCL and IOC sustained as the top gainers with 4.6% and 3% respectively. Bharti Infratel followed with 2.6% gains. Bank of Baroda tumbled 3.7% followed by Sun Pharma and Lupin closing below 2.7% each.
Simplex Infra closed at Rs 371.85 per share up by Rs 54 or 17%.
ESL closed at Rs 5.84 per share up by Rs 0.76 or 15%.
Dhanlaxmi Bank closed at Rs 36.5 per share, up by Rs 4.65 or 14.6%.
Gammon Infra closed at Rs 4.88by per share up by Rs 0.58 or 13.5%.
Market breadth turned negative with 642 advances and 1022 declines and 275 remained unchanged on, reflecting negative bias.
The rupee was trading at 64.39 per US dollar.
Top 5 Nifty Gainers: BPCL (4.58%), IOC (3.02%), Bharti Infratel Ltd. (2.59%), TCS (1.33%) and Bharti Airtel (0.89%).
Top 5 Nifty Losers: Bank of Baroda (-3.66%), Sun Pharma (-2.90%), Lupin India Ltd. (-2.77%), Adani Ports and Sez Ltd. (-2.41%) and Kotak Bank (-2.39%)
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