The NSE index ended at 7-month closing low. The Sensex and Nifty erased 2016 gains with the Sensex now down over 1 percent while Nifty is down 0.5 percent for the year. The Nifty ended down 78 points or 0.97 percent at 7908 while the Sensex closed down 234 points or 0.90 percent at 25807.
End of the day, Share market closed with negative leads. Nifty opened above 8100 but was unable to sustain the same and lost momentum towards the end of trading hours. The BSE Sensex ended with a loss of 66 points at 26242 while The NSE Nifty closed down 21 points and closed at 8,061.
In a positive turn of events, Sensex and Nifty regained back from the losses it made at the start of the market hours and are now trading in green. The BSE Sensex is trading at 26714 up 111 points, while NSE Nifty is trading at 8,219 up 36 points. A total of 10 stocks registered… Read More »
Equity benchmarks indices closed range bound session on a negative note Thursday with the Nifty ending below 8100 for the first time since June 27. Investors remained cautious about 2HFY17 growth after demonetization. The 30-share BSE Sensex down 71.07 points at 26227.62 and the 50-share NSE Nifty felled 31.65 points to 8079.95 while the broader… Read More »
Cigarette-hotel-to-FMCG major ITC is expected to show performance in quarterly earnings on Tuesday as profit is likely to increase 10% year-on-year to Rs 2,673 crore with likely cigarette volume growth of 3-4 percent in Q2. Volume growth may be boosted by modest price hike of 5-6% and higher proportion of sales of sub 65mm cigarettes.… Read More »