GET Stock QuotesNews18 APP
News18 English
Powered by cricketnext logo
»
1-min read

Sensex at 6-Month Lows, Nifty Surrenders 8,100 Mark

Market benchmark Sensex slumped over 71 points in choppy trade today to hit about six-month low of 26,228, falling for the fourth straight session, amid lingering worries about the economic impact of demonetisation.

Press Trust Of India

Updated:November 17, 2016, 4:27 PM IST
facebookTwittergoogleskypewhatsapp
Sensex at 6-Month Lows, Nifty Surrenders 8,100 Mark
A man looks at a screen across the road displaying the Sensex on the facade of the Bombay Stock Exchange (BSE) building in Mumbai. (Photo Credit: Reuters)

Mumbai: Market benchmark Sensex slumped over 71 points in choppy trade today to hit about six-month low of 26,228, falling for the fourth straight session, amid lingering worries about the economic impact of demonetisation.

Nifty too dipped below the key 8,100-level. Sentiment also took a hit on sustained foreign capital outflow from emerging markets, including India, and the dollar climbing to its highest mark in over 13 years.

Trading sentiment remained distinctly weak due to cash crunch arising out of the government's move to demonetise Rs 500 and Rs 1,000 notes to flush out black money amid concerns about its impact on small and medium-sized businesses which largely run on cash.

After opening a shade higher at 26,304.90, the Sensex advanced to the day's high of 26,449.87, largely on bargain-buying by participants, including sustained pumping of funds by domestic financial institutions.

However, it turned volatile largely in tandem with overseas markets and slipped into negative terrain to hit a low of 26,155.40 before settling 71.07 points, or 0.27 per cent, lower at 26,227.62, a level last seen on May 25, 2016.

The Nifty, after shuttling between 8,151.25 and 8,060.30, concluded 31.65 points or 0.39 per cent down at 8,079.95, a level last seen on May 26, 2016, when it closed at 8,069.65.

Also Watch

Read full article
Next Story
Next Story
facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Sun Pharma 525.75 -33.75 -6.03
PNB 117.30 +0.75 +0.64
Infosys 1,147.40 +10.45 +0.92
HDFC 1,824.80 +13.05 +0.72
Fortis Health 155.50 +1.90 +1.24
Company Price Change %Gain
Sun Pharma 524.75 -34.65 -6.19
Fortis Health 155.60 +2.15 +1.40
ICICI Bank 319.30 +1.65 +0.52
HDFC 1,824.10 +14.95 +0.83
CG Consumer 235.00 +1.85 +0.79
Top Gainers
Company Price Change %Gain
HCL Tech 942.90 +35.45 +3.91
Tech Mahindra 595.20 +21.00 +3.66
TCS 3,042.30 +97.55 +3.31
ITC 268.20 +4.95 +1.88
ONGC 190.15 +3.15 +1.68
Company Price Change %Gain
TCS 3,043.05 +98.00 +3.33
ITC 268.05 +5.25 +2.00
ONGC 190.10 +3.10 +1.66
SBI 273.10 +3.45 +1.28
Infosys 1,148.70 +14.00 +1.23
Top Losers
Company Price Change %Gain
Sun Pharma 525.75 -33.75 -6.03
Hindalco 240.65 -8.15 -3.28
Bajaj Finance 1,596.45 -42.30 -2.58
IndusInd Bank 1,594.25 -28.45 -1.75
Tata Steel 640.95 -10.35 -1.59
Company Price Change %Gain
Sun Pharma 524.75 -34.65 -6.19
IndusInd Bank 1,595.30 -32.80 -2.01
BHEL 91.65 -1.50 -1.61
Tata Steel 640.55 -10.20 -1.57
Bajaj Auto 3,008.25 -41.40 -1.36

Live TV