NSE Nifty slides for sixth straight session
Mumbai: The NSE Nifty dropped for the sixth straight session today, falling 95.05 points to 10,154.20, due to widespread selling in PSU bank, infra, energy, finance service, bank, metal and realty sectors amid bearish global cues.
Overseas, Asian markets closed lower amid choppy trade after the resignation of US President Donald Trump's economic adviser Gary Cohn raised fears of a global trade war. European markets were trading mildly lower.
The Nifty 50 index fell 95.05 points or 0.93 percent to end at 10,154.20, its lowest closing level since December 6, 2017, after moving in a range of 10,243.35 and 10,141.55. It saw an intra-day movement of about 101.80 points.
On the sectoral front, Nifty PSU bank dropped by 3.57 per cent, followed by infra 1.84 per cent, energy 1.65 per cent, finance service 1.43 per cent, bank 1.29 per cent, private bank 1.10 per cent, auto 0.30 per cent, media 0.29 per cent and IT 0.23 per cent. Nifty FMCG index rose by 0.65 per cent.
The Nifty mid-cap and small-cap indices lost 1.58 per cent and 2.22 per cent, respectively. Major index gainers were HCL Tech, ITC, Zee, Maruti, Asian Paints, Kotak Bank, Tata Motors and Bajaj Auto.
Among the losers were Adani Ports, SBI, Indiabulls Housing Finance, Bharti Airtel, ICICI Bank, Ambuja Cement, HPCL and Reliance. The market breadth, indicating its overall health, remained negative. A total of 264 scrips advanced, 1,562 declined, while 40 remained unchanged. As many as 267 total securities hit their price bands.
Turnover in the cash segment rose to Rs 30,909.39 crore from Rs 29,914.10 crore as on Tuesday. A total of 17,254.06 lakh shares changed hands in 1,12,46,770 trades. The market capitalisation of listed firms on the NSE stood at Rs 1,40,49,473.15 crore.