News Details

( 16/04/2018 10:14)
Markets trade lower; Infosys, Tata Motors shares dip

The key domestic benchmark indices were trading in a negative terrain in the morning trading session due to selling pressure in technology, oil exploration and select banks stocks.

On the economy front, India's services exports in February dipped by 3.84 percent on monthly basis to USD 15.71 billion, according to RBI data.

On the corporate front, Rane Brake Linings share price lost 12 percent intraday on Monday after disappointing performance on operational front in March quarter.

Around, 3 companies are likely to report their March quarter numbers today including Jay Bharat Maruti, LKP Finance and Lloyds Metals and Energy.

At 10:15 a.m the Bombay Stock Exchange bellwether Sensex was trading at 34146.73 down by 45.92 points or by 0.13 per cent, while the NSE Nifty was at 10473.45 down by 7.15 points or by 0.07 per cent.

The BSE Sensex touched an intraday high of 34169.29 and an intraday low of 33899.34 while the NSE Nifty touched an intraday high of 10474.8 and an intraday low of 10396.35.

The top gainers of the BSE Sensex pack were Adani Ports & Special Economic Zone Ltd. (Rs. 385.90,+1.03 per cent), Power Grid Corporation of India Ltd. (Rs. 199.50,+0.99 per cent), NTPC Ltd. (Rs. 172.65,+0.94 per cent), Bajaj Auto Ltd. (Rs. 2810.00,+0.74 per cent), Mahindra & Mahindra Ltd. (Rs. 793.85,+0.72 per cent), among others.

Meanwhile, Infosys Ltd. (Rs. 1133.10,-3.07 per cent), Tata Motors Ltd. (Rs. 347.85,-2.47 per cent), Tata Motors Ltd. (Rs. 198.20,-2.27 per cent), Oil And Natural Gas Corporation Ltd. (Rs. 180.90,-0.88 per cent), Wipro Ltd. (Rs. 291.40,-0.66 per cent), were among the top losers on BSE.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2149 , shares advanced were 915 while 1108 shares declined and 126 were unchanged.

On the global front, Asian stocks were trading mixed, while the Wall Street closed lower in the previous trading session as results from big banks failed to stimulate and fear of broader conflict in Syria further unnerved investors.

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