Sensex dips over 100 pts, Nifty tests 10,700 amid higher oil prices
17/05/2018 14:31
The market continued to trade lower, with the Sensex falling more than 100 points after the crude oil prices inched up towards USD 80 a barrel as supplies tighten while demand remains strong.

The Indian rupee on Thursday strengthened for second sessions against US dollar tracking gains in Asian currencies. At 2pm, the home currency was trading at 67.70 against US dollar, up 0.13% from its previous close of 67.80. The currency opened at 67.76 a dollar and touched a high and a low of 67.58 and 67.80 respectively.

Globally, European markets are mixed. The CAC 40 is up 0.34% while the DAX gains 0.03%. The FTSE 100 is even.

Back home, at 14:15hours, BSE SENSEX was at 35269.46 down by -118.42 points or by -0.33 % and then NSE Nifty was at 10708.4 down by -32.7 points or by -0.3 %.

The BSE Sensex touched intraday high of 35510.01 and intraday low of 35227.77. The NSE Nifty touched intraday high of 10777.25 and intraday low of 10696.85.

The top losers of the BSE Sensex pack were Tata Steel Ltd. (Rs. 607.85,-2.28%), Bharti Airtel Ltd. (Rs. 368.10,-1.93%), Housing Development Finance Corporation Ltd. (Rs. 1883.00,-1.66%), Axis Bank Ltd. (Rs. 540.60,-1.59%), NTPC Ltd. (Rs. 167.10,-1.47%), among others.

The top gainers of the BSE Sensex pack were Coal India Ltd. (Rs. 271.60,+2.61%), Tata Motors Ltd. (Rs. 317.90,+2.42%), Sun Pharmaceutical Industries Ltd. (Rs. 480.40,+1.81%), Wipro Ltd. (Rs. 279.25,+1.80%), Tata Motors Ltd. (Rs. 186.30,+1.53%), among others.

The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total shares traded 2759, shares advanced were 1416 while 1219 shares declined and 124 were unchanged.