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INDIA-BENCHMARK-NIFTY-SNAP-WEEKLY
Nifty snaps five-day winning streak, down 41 points
Mumbai, Aug 11, 2018 (BSS/PTI) – The NSE benchmark Nifty snapped five-day
record-setting rally, down 41 points following selling pressure mainly in
bank, metal, pharma and energy sectors amid lacklustre global cues.
However, gains in IT, FMCG and auto sectors capped losses to some extent.
Overseas, European shares were trading lower as investors reacted to
corporate earnings, fresh turmoil for Turkey and continued fears of a trade
war between the US and China. Most Asian stock markets dropped as trade and
broader geopolitical concerns continue to weigh over investor sentiment.
The NSE Nifty lost 41.20 points, or 0.36 per cent, to finish at 11,429.50.
It had ended at a record high of 11,470.70 yesterday. The Nifty had gained by
226.00 points or 1.99 per cent in its previous five days.
It saw an intra-day movement of about 59.10 points.
On the sectoral front, PSU bank stocks fell by 3.80 per cent followed by
metal 1.91 per cent, pharma 1.21 per cent, energy 0.75 per cent, bank 0.69
per cent, media 0.67 per cent and financial service 0.59 per cent.
However, IT rose by 0.52 per cent, FMCG 0.31 per cent and auto 0.24 per
cent.
Major index gainers were Eicher Motors, BPCL, Hind Petro, M&M and Hero
Motoco.
Losers were SBI, GAIL, Sun Pharma, Tata Motors and Vedanta.
The market breadth, indicating its overall health, was in favour of
losers. On the NSE, 622 stocks advanced, 1,183 declined and 88 remained
unchanged.
Total securities that hit their price bands were 210.
Turnover in the cash segment fell to Rs 33,596.48 crore from Rs 34,903.22
crore yesterday.
A total of 16,331.46 lakh shares changed hands in 11,059,149 trades. The
market capitalisation of listed firms on NSE stood at Rs 1,52,92,315 crore.
BSS/PTI/HR/1050