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Nifty ends below psychological 10,100-mark

Mumbai, Mar 19 (PTI) Continuing its downtrend for the fourth straight session, NSE benchmark Nifty fell 100.90 points to 10,094 amid weak global cues ahead of the US Federal Reserve's policy decision later in the week.

The benchmark mainly dragged by across the board selling, mainly in metal, realty, PSU bank, IT and Media counters.

A sharp widening of India's current account deficit (CAD) too weighed on investors' mood. Further weakness in rupee and stocks specific selling pulled down the market.

On the global front, European shares edged lower, while Asian stocks settled on a mixed note as caution gripped investors ahead of the US Federal Reserve policy meeting.

Back home, the Nifty dropped 100.90 points or 0.99 per cent to end at 10,094.25, its lowest closing level since 6th December 2017. It hovered in a range of 10,224.55 and 10,075.30. It saw an intra-day movement of about 149.25 points.

Sector-wise, Realty dropped by 2.94 per cent, metal 2.67 per cent, IT 2.18 per cent, PSU Bank 2.63 per cent, Media 1.18 per cent, Bank 1.00 per cent, Finance service 0.96 per cent, Private Bank 0.95 per cent, infra 0.74 per cent, Energy 0.71 per cent, Auto 0.68 per cent and FMCG 0.45 per cent.

Major gainers were NTPC, Powergrid, Maruti, Hindunilever, Larsen, Lupin, GAIL and TCS.

Among the losers were HclTech, Tata Steel, BhartiAirtel, TechM, BPCL, Baj Finance and Hindalco.

The market breadth, indicating its overall health, turned negative, as a total of 285 scrips advanced and 1,546 declined, while 52 remained unchanged.

As many as 270 stocks hit their price bands.

The cash segment turnover fell to Rs 27,705.62 crore from Rs 41,936.96 crore as on Friday.

A total of 14,979.42 lakh shares changed hands in 99,11,217 trades. The market capitalisation of listed firms on the NSE stood at Rs 1,39,27,897.10 crore. PTI ARR BAL BAL

Disclaimer: This story has not been edited by BW staff and is auto-generated from a syndicated feed.


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