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Nifty declines by 91 points to end below 11,150-mark

PTI | Updated on: 21 Sep 2018, 07:51:14 PM
Nifty declines by 91 points to end below 11,150-mark (File Photo)

Mumbai:

Falling for the fourth straight session, NSE benchmark Nifty declined 91 points on Friday to end at 11,143,10 after a sudden mid-afternoon plunge.

The index was dragged by a widespread sell-off, led by realty, banking, pharma, IT, auto, infra and finance service counters, triggered by reports of a debt crisis in the NBFC sector.

The Nifty opened higher, tracking firm global cues and sharp recovery in the rupee, but dived below the 11,900-level in afternoon trade.

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Overseas, Asian and European stocks rose as investor shrugged off worries over the US-China trade dispute.

The Nifty 50 index fell 91.25 points or 0.81 per cent to end at 11,143.10, its lowest closing level since July 25, 2018.

It saw an intra-day movement of 480.35 points.

Among the sectoral indices, Realty dropped by 3.51 per cent, Private Bank 3.45 per cent, Bank 2.59 per cent, Pharma 1.96 per cent, PSU Bank 1.64 per cent, IT 1.43 per cent, Auto 1.14 per cent, Finance Service 1.04 per cent, Media 0.92 per cent, Infra 0.65 per cent, Metal 0.50 per cent and FMCG 0.27 per cent.

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Energy rose by 0.76 per cent.

Major index gainers were Bharti InfraTel, BPCL, IOC, GAIL, Hindalco, HPCL, ONGC, TCS, ITC and M&M.

Losers included Yes Bank, Indiabulls Housing Finance, Bajaj Finance, Tech Mahindra, UPL, Kotak Bank, Titan, Axis Bank, Maruti Suzuki and Adani Ports.

The market breadth, indicating its overall health, remained negative. On the NSE, 311 stocks advanced, 1,600 declined and 56 remained unchanged.

Total securities that hit their price bands were 368.

Turnover in the cash segment climbed to Rs 66,046.89 crore from Rs 33,074.31 crore as on Wednesday.

A total of 28,065.76 lakh shares changed hands in 2,04,23,736 trades. The market capitalisation of listed firms on the NSE stood at Rs 1,48,40,653.49 crore. 

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First Published : 21 Sep 2018, 07:51:05 PM

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