Wednesday 9 August 2017

Market Falls For Third Straight Day

Posted by suhani varma on Wednesday, August 09, 2017 with No comments
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Nifty closed at 9,908, down by 70 points while Sensex closed at 31,797, down by 216 points on Wednesday. The market witnessed lower closing for three consecutive trading sessions for the first time in six weeks.Hindalco was the top Nifty gainer closing at Rs 239.2 per share, up by 1.83% whereas Aurobindo Pharma was top Nifty loser ended at Rs 682 per share, down by Rs 44 per share or 6.08%. There were 324 advances, 1,322 declines and 296 unchanged stocks on NSE, reflecting strong negative sentiments floating in the market.

In the broader markets, BSE Mid-cap index ended at 15,156 level, down by 256 points or 1.66% while BSE Small-cap index ended at 15,605 level, down by 298 points or 1.88%.Nifty Pharma index was the top loser among sectoral indices closing lower by 359 points at 8,766 level. Cadila Healthcare was the top loser on the index closing at Rs 480.9 per share, down by Rs 49 per share or 9.26%. Other pharma stocks including Divi’s Lab, Aurobindo Pharma, Sun Pharma and Glenmark ended lower by up to 7%.

Realty stock, HDIL was the eye catcher of the day. The stock witnessed great volatility. It touched its fresh 52-week low of Rs 47 per share, down by nearly 17% in morning hour, however, in the second half of Wednesday’s trading session, the stock turned green to touch its intraday high of Rs 61.7 per share, up by 9.3%. It closed at Rs 57.2 per share.

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