Markets

News Details

( 10 Aug 2018)
Post Session: Sensex ends 155 pts lower, Nifty at 11429; SBI sinks 3%

Indian benchmark indices ended lower on Friday as investor resorted to profit booking after hitting fresh record high during the week. Adding to it, weak Asian cues and mixed corporate earnings also weighed on market sentiment. Shares of State Bank of India (SBI) plunged over 3 per cent after the state-run lender reported a net loss of Rs 4,876 crore for the June quarter.

The 30-share benchmark index Sensex closed trade at 37869.23, down by 155.14 points or by 0.41 per cent, and the NSE Nifty ended at 11429.5, down by 41.2 points or by 0.36 per cent.

During the day’s trade so far, the BSE Sensex touched intraday high of 38051.45 and intraday low of 37815.75, while the NSE Nifty touched intraday high of 11478.75 and intraday low of 11419.65.

The top losers of the BSE Sensex pack were State Bank of India (Rs. 304.90,-3.65%), Sun Pharmaceutical Industries Ltd. (Rs. 554.50,-2.84%), Tata Motors Ltd. (Rs. 250.75,-2.62%), Vedanta Ltd. (Rs. 224.50,-2.60%), Tata Motors Ltd. (Rs. 140.35,-2.02%), among others.

On the flip side, Hero MotoCorp Ltd. (Rs. 3322.00,+1.43%), Mahindra & Mahindra Ltd. (Rs. 944.80,+1.24%), ITC Ltd. (Rs. 305.00,+1.04%), Tata Consultancy Services Ltd. (Rs. 1994.00,+0.99%), Bharti Airtel Ltd. (Rs. 370.25,+0.95%), were among top gainers on BSE.

On the sectoral front, metal and PSU stocks were among top losers on BSE, falling as much as 2.01 per cent and 1.36 per cent, respectively.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2949, shares advanced were 1080 while 1712 shares declined and 157 were unchanged.