Sensex down 90 pts, Nifty trades at 10716; Tata Steel down 2%
17/05/2018 11:45
The Indian equities extended day’s loss in late morning deals on Thursday, tracking weak cues from Asian peers, as investor weighed on going political drama in Karnataka. Bucking the trend, the broader markets were trading higher, with MidCap and SmlCap indices gaining as much as 0.23 per cent and 0.31 per cent, respectively. Shares of Tata Steel fell over 2 per cent even after the company reported a consolidated net profit of Rs 146.88 billion for the quarter ended March 31, 2018, as compared to net loss of Rs 11.68 billion in the corresponding quarter of the previous financial year.

At 11:25 hours, the 30-share benchmark index was trading at 35296.28, down by 91.6 points or by 0.26 per cent and the NSE Nifty was at 10716.45, down by 24.65 points or by 0.23 per cent.

In the day’s trade so far, the BSE Sensex touched intraday high of 35510.01 and intraday low of 35253.75, while the NSE Nifty touched intraday high of 10777.25 and intraday low of 10698.4.

The top losers of the BSE Sensex pack were Tata Steel Ltd. (Rs. 606.00,-2.58%), Dr. Reddy's Laboratories Ltd. (Rs. 1964.60,-1.48%), Housing Development Finance Corporation Ltd. (Rs. 1891.30,-1.23%), Infosys Ltd. (Rs. 1180.15,-0.83%), IndusInd Bank Ltd. (Rs. 1912.30,-0.76%), among others.

On the flip side, Tata Motors Ltd. (Rs. 315.10,+1.51%), Coal India Ltd. (Rs. 267.30,+0.98%), Hindustan Unilever Ltd. (Rs. 1588.80,+0.93%), Tata Motors Ltd. (Rs. 184.80,+0.71%), Sun Pharmaceutical Industries Ltd. (Rs. 475.00,+0.67%), were among top gainers on BSE.

On the sectoral front, metal and oil&gas stocks emerged as top losers on BSE, falling as much as 1.2 per cent and 0.24 per cent, respectively.

The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total shares traded 2396, shares advanced were 1228, while 1067 shares declined and 101 were unchanged.