Published: Sat, May 05, 2018
Science | By

Sensex trades 117 points lower; Nifty below 10650-level

Sensex trades 117 points lower; Nifty below 10650-level

At the National Stock Exchange (NSE), the broader 51-scrip Nifty, which had closed at 10,718.05 points on Wednesday, was quoting at 10,703 points, down by 15.05 points or 0.14 per cent.

The Sensex opened at 35,257.31 points and closed at 35,103.14 points - down 73.28 points or 0.21 per cent - from its previous close. According to market analysts, heavy selling pressure was witnessed in the automobile, healthcare and metal stocks.

On NSE, shares of the company went up by 3.77 per cent to close at Rs 1,256.85.

Shares of InterGlobe Aviation, after slumping almost 20 per cent in early deals, clawed back some lost ground to end 10.57 per cent lower after the company yesterday reported a 73 per cent plunge in profit for the March quarter.

The Sensex touched a high of 35,206.55 points and a low of 34,847.61 points during the intra-day trade. The market breadth was weak as 1,779 shares fell and 919 shares rose on the BSE.

On Thursday, Asian indices were showing a negative trend.

Market Closing: Benchmark indices closed lower following global weakness amid US-China trade talks, with the Nifty settling trade below 10,700 levels.

"Market was volatile even after 10-yr domestic bond yield slid and rupee strengthened following Fed's dovish monetary policy".

The index had gained 659.09 points in the previous three sessions on the back of widespread gains triggered by encouraging corporate earnings and strong auto sales data amid record GST collections.

Investors are also keeping an eye on the USA employment report for April for further indications of the strength of the USA labour market and inflation pressures, they added.

Major laggards were Asian Paints, Sun Pharma, Wipro, Infosys, Coal India, RIL, NTPC, Bajaj Auto, Axis Bank, Maruti Suzuki, Kotak Bank, ICICI Bank, Tata Steel, and HDFC, falling up to 2 percent.

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