Thursday , August 24 2017
Business Financials

Nifty down 39 points ahead of crucial US Fed meet

Nifty down 39 points ahead of crucial US Fed meet

Mumbai: The Nifty 50-share index fell 39.35 points at 8,182.45 following selling mainly in metal, PSU banks, infra, FMCG, pharma and finance sectors.

Market sentiment were lacklustre tracking subdued trading on the bourses of European and Asian peers ahead of the outcome of a crucial US Federal Reserve policy meeting tonight.

However, realty, IT and energy traded in green, providing some relief to a sluggish day.

Overseas, European stocks were trading lower as investors focused on an upcoming rate decision by the US Federal Reserve. Whiel, Asia stocks ended mixed.

Back home, the Nifty opened marginally higher at 8,229.35 and moved in a range of 8,229.40 and 8,165.10 before ending at 8,182.45, showing a fall of 39.35 pts or 0.48 pct.

It saw an intra-day movement of about 64.30 points.

On sectoral front, metal fell by 1.51 per cent, PSU bank 1.30 per cent, infra (0.93 per cent), FMCG (0.87 per cent), pharma (0.81 per cent), finance service (0.69 per cent), banks (0.67 per cent) and auto (0.54 per cent).

However, IT fell by 0.70 per cent, realty (0.42 per cent and energy 0.04 per cent.

Major index laggards were Coal India (4.56 per cent), Bosch Ltd (2.63 per cent), Auropharma (2.25 per cent), Eicher Motors (2.38 per cent), BhartiAirtel (2.24 per cent) and TechM (1.91 per cent).

The gainers included Axis Bank (3.15 per cent), HCL Tech (2.48 per cent), Reliance (1.89 per cent), Tata Power (1.42 per cent), Infosys (0.96 per cent).

A total of 1,131 scrips declined 470 advanced while 71 remained unchanged. Total securities that hit their price bands were 81.

Turnover in the cash segment eased to 16,150.98 crore from Rs 18,050.07 crore as on Tuesday.

A total of 7,599.45 lakh shares changed hands in 7,501,927 trades. The market capitalisation of NSE stood at Rs 10,492,670.40 crore.