Friday , October 14 2016
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Sensex, Nifty close end with loses; banks, infra stocks outperform


New Delhi : The market on Friday dragged off by profit booking and weak global cues as the Sensex fell 72.22 points to 25269.64 and the Nifty declined 25.35 points to 7713.05.

The BSE Midcap gained 0.2 percent and Smallcap rose 0.9 percent. Among the gainers were ITC, ICICI Bank, Axis Bank and BHEL, which gained 1-3 percent.

On the other hand, TCS, Bharti Airtel, Reliance Industries, Infosys, Tata Motors and ONGC were down 1-4 percent.

State-owned power equipment maker Bhel in its filling with the BSE today said that it commissioned its fifth 500 MW unit at Chandrapur Super Thermal Power Project (STPP) in Maharashtra.

The commissioned unit is the second 500 MW unit of Stage-III (2×500 MW) of the project being executed by Bhel. It has been a major partner in the power development programme of the state of Maharashtra.

Also diversified firm SRF today said its board has approved a proposal to set up a pilot plant to manufacture next generation refrigerant gas.

The initiative will make the company the first technology developer outside the US and Europe to manufacture this gas, which is expected to find increasing use in car air-conditioning systems globally in future, SRF said in a regulatory filing. (ANI)

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