Saturday, Apr 20, 2024 | Last Update : 12:52 AM IST
Nifty ends below 9400 level, slips 52 points
The market capitalisation of listed firms at the NSE stood at Rs 121,69,451.19 crore.
Mumbai: The benchmark Nifty slipped below the psychological level of 9400, down 52 points to end at 9,386 around two-weeks low level following sell-off in pharma, realty, PSU banks, infra, media and FMCG stocks.
The saving grace for the market was buying in IT and auto stocks, which prevented any further fall in the index. In overseas markets, European stocks were trading higher as investors digested fresh economic data in the euro zone after waking up to news of another suspected terrorist incident in the UK. Asian stocks ended on a mixed note following the terrorist attack in Manchester.
The NSE 50-share Nifty index opened higher at 9,445.05 and hovered between 9,458.05 and 9,370.00 before finishing at 9,386.25, a fall of 52.10 points, or 0.55 per cent. It saw an intra-day movement of about 78.05 points.
Sector-wise, pharma index fell 3.12 per cent, realty was down 2.74 per cent, media dipped 1.85 per cent, PSU banks was down 1.71 per cent, infra was down 1.49 per cent, energy was down 1.21 per cent and FMCG fell by 0.90 per cent.
Auto rose by 0.39 per cent and IT gained 0.05 per cent. In broader market, the selling pressure continued for the fifth consecutive day as the mid-cap and small-cap indices fell by 1.67 per cent and 2.58 per cent, respectively.
Major index losers were Adani Ports (6.43 per cent), Aurobindo Pharma (5.82 per cent), Cipla (5.31 per cent), Sun Pharma (4.07 per cent), Bajaj Auto (3.06 per cent), GAIL (2.61 per cent) and Coal India (2.21 per cent). Maruti rose by 2.64 per cent, while other notable gainers were M&M (1.95 per cent), Eicher Motor (1.50 per cent), Wipro 1.00 per cent, Hindalco (0.92 per cent) and ACC 0.81 (per cent).
A total of 1,398 scrips declined and 286 advanced, while 53 remained unchanged. Total securities that hit their price bands were 140. Turnover in the cash segment rose to Rs 28,065.85 crore, from Rs 22,605.50 crore yesterday.
A total of 14,214.72 lakh shares changed hands in 10,757,910 trades. The market capitalisation of listed firms at the NSE stood at Rs 121,69,451.19 crore.
