Sensex tumbles 153 points on profit-booking, Nifty cracks below 9600

24 June, 2017, 00:59 | Author: Lorena Waters
  • Sensex makes a 136-pt rebound as bad loan fight paces

After hitting a record high of 31,522.87, the Sensex closed the day at 31,290.74, down 232.13 or 0.73 per cent from its day's high and just 0.02 per cent high from its previous sessions close.

During the week, the Sensex gained 81.81 points, or 0.26 per cent, while the Nifty shed 13.10 points, or 0.13 per cent.

The BSE and NSE will remain closed on Monday on the occasion of Id Ul Fitr. Shares of State Bank of India fell as much as 2.1 percent after gaining in the last five sessions.

The NSE Nifty, however, ended down 3.60 points, or 0.04 per cent, at 9,630.

Meanwhile, foreign funds bought shares net Rs 192.68 crore yesterday, as per provisional figures.

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Major laggards were Tata Motors DVR (2.18 per cent), Tata Motor (2.14 per cent), Hero MotoCorp (1.95 per cent), SBI (1.94 per cent), ONGC (1.56 per cent), TCS (1.47 per cent), M&M (1.44 per cent), Tata Steel (1.39 per cent), Kotak Bank (1.07 per cent), Maruti Suzuki (1.07 per cent) and HDFC Bank (1.05). BSE Mid-cap index closed lower by 1.21% at 14,583.

"Asian markets are trading mixed".

Fortis Healthcare Ltd slumped as much as 15 percent to 168.25 rupees, its lowest in more than six months, after Malaysia's Integrated Healthcare Holdings said it was not engaged in any negotiations in India now. The market breadth was deeply in favour of declines with an advance-decline ratio of 1:4.

On Wednesday, the regulator Sebi relaxed entry norms for overseas investors, rationalised "fit and proper" criteria as also simplified other requirements.

The Indian equity markets closed in the red on Friday as broadly negative global cues, coupled with caution ahead of the Goods and Services Tax (GST) implementation and heavy selling pressure subdued investor sentiments.

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