Wednesday, 5 October 2016

Live Stock Market Updates - Nifty Shuts Below 8750

Posted by suhani varma on Wednesday, October 05, 2016 with No comments

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Closing Bell:

Finally, the BSE Sensex ended with a loss of 114 points at 28,221. It opened at 28,426, touched an intra-day high of 28,478 and low of 28,189. The NSE Nifty closed with a loss of 25 points at 8,743. It opened at 8,806, hit an intra-day high of 8,807 and low of 8,731.

Indian shares erased its gains initial gains and were trading marginally lower due to weak Asian cues. The Nifty reclaimed its crucial level of 8,800 supported by gains in realty, power, metal, consumer durable, capital goods, auto, and banks. 

The S&P BSE Sensex is trading at 28,287 down 47 points, while NSE Nifty is trading at 8,757 down 12 points. The BSE Mid-cap Index is trading up 0.50% at 13,317 whereas BSE Small-cap Index is trading up 0.61% at 13,289.

The Nikkei India Services Business Activity Index registered 52 in September, down from August’s 43 month high of 54.7, the latest reading pointed to a slower rate of expansion that was moderate overall. Redington (India) rallied 5.3% to Rs.114. The company experienced a spurt in volumes by more than 471.85 times

ICICI Bank is trading marginally lower at Rs.257.15 on the BSE. ICICI Bank took the lead with a 0.05% reduction in its marginal cost of funds-based lending rate to 9.05%. Bharat Forge dropped 1.8% to Rs.906.55 on the BSE after the media report stated its class 8 truck orders in U.S. fell by 27% to 13,800 units in September 2016.
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