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Nifty closed at 8724.70 levels, down by 67.60 points or 0.77%; while Sensex closed at 28155.56 levels down by 183.75 points or 0.65%. There were 317 advances, 1329 declines and 265 unchanged stocks on NSE, reflecting a strong negative undertone. 29 stocks touched their fresh 52 week highs and 21 stocks touched their fresh 52 week lows on NSE in Wednesday’s trading session.
Tata Motors' Q3FY17 consolidated results for the quarter ended on December 31, 2016 registered a miss versus street estimates. The stock reacted negatively to the results in Wednesday’s trading session. It was the top loser in the Nifty50 index, closing at Rs 436.70 per share, down by Rs 45.35 per share or 9.41%.
Zee Entertainment Enterprises Limited was the top Nifty gainer, closing at Rs 521.20 per share, up by Rs 8.25 per share or 1.61%.
Gitanjali Gems and PC Jeweller have fallen drastically, post Q3FY17 results. Gitanjali Gems has fallen by over 7%; whereas the stock of PC Jeweller has cracked over 4%. The stocks of both the companies have cracked due to poor Q3 results.
HDFC Bank Limited touched its lifetime high of Rs 1324 per share, up by Rs 12.9 per share or 0.98%.
Broader markets were also showing weakness on Wednesday. BSE Mid-cap index closed at 13187.82 levels, down by 154.77 points or 1.16%; and BSE Small-cap index closed at 13234.82 levels, down by 204.01 points or 1.52%.
Yamini Investments Company closed at Rs 47.50 per share, up by Rs 4.25 per share or 9.83%.
Future Enterprises closed at Rs 27.25 per share, up by Rs 1.65 per share or 6.45%.
Sun Pharmaceutical Industries closed at Rs 622.50 per share, down by Rs 27.65 per share or 4.25%.
Tata Motors' Q3FY17 consolidated results for the quarter ended on December 31, 2016 registered a miss versus street estimates. The stock reacted negatively to the results in Wednesday’s trading session. It was the top loser in the Nifty50 index, closing at Rs 436.70 per share, down by Rs 45.35 per share or 9.41%.
Zee Entertainment Enterprises Limited was the top Nifty gainer, closing at Rs 521.20 per share, up by Rs 8.25 per share or 1.61%.
Gitanjali Gems and PC Jeweller have fallen drastically, post Q3FY17 results. Gitanjali Gems has fallen by over 7%; whereas the stock of PC Jeweller has cracked over 4%. The stocks of both the companies have cracked due to poor Q3 results.
HDFC Bank Limited touched its lifetime high of Rs 1324 per share, up by Rs 12.9 per share or 0.98%.
Broader markets were also showing weakness on Wednesday. BSE Mid-cap index closed at 13187.82 levels, down by 154.77 points or 1.16%; and BSE Small-cap index closed at 13234.82 levels, down by 204.01 points or 1.52%.
Yamini Investments Company closed at Rs 47.50 per share, up by Rs 4.25 per share or 9.83%.
Future Enterprises closed at Rs 27.25 per share, up by Rs 1.65 per share or 6.45%.
Sun Pharmaceutical Industries closed at Rs 622.50 per share, down by Rs 27.65 per share or 4.25%.
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