Published: Fri, April 21, 2017
Business | By Max Garcia

BSE, Nifty slip after heavy selling; healthcare, FMCG shed gains

BSE, Nifty slip after heavy selling; healthcare, FMCG shed gains

Meanwhile, the broad based NSE Nifty fell by 17.00 or 0.19% at 9,119.40 with 36 components registering drop.

The benchmark BSE index ended 57.09 points or 0.19 per cent lower at 29,365.30, down 0.33 per cent for the week.

Besides, caution prevailed over the ongoing fourth quarter results season.

The Sensex has so far touched a high of 29,584.34 points and a low of 29,265.32 points during the intra-day trade.

The BSE market breadth was bullish - with 1,766 advances and 886 declines.

The broader markets continued to witness strong action with BSE midcap index ending flat and smallcap index rising 0.25 per cent. HDFC Bank Ltd rose as much as 2.52 per cent to a record high after reporting a slightly better-than-expected 18.3 per cent rise in quarterly profit.

Realty, power, capital goods, oil & gas and consumer durables closed higher by up to 2.37 percent.

All sectoral indices led by oil&gas, FMCG, PSU, metal and bank were in the green, gaining up to 0.72 per cent.

"Sentiment was also boosted as regional markets gained, lifted by bets on strong United States earnings and tax reform".

On the currency front, the Indian rupee weakened by 4-5 paise to 64.61 per dollar from its previous close of 64.56-57 to a greenback.

Reliance Industries gained the most among Sensex-30 constituents by climbing 1.62% to Rs 1,391.55.

Other laggards were ITC (1.81 per cent), Adani Ports (1.72 per cent), Power Grid (1.44 per cent), Wipro (1.36 per cent), ICICI Bank (1.34 per cent), Lupin (1.31 per cent), M&M (1.28 per cent), Coal India (1.12 per cent), Maruti Suzuki (1.10 per cent), HUL (1.08 per cent) and SBI (0.97 per cent).

Like this: