Equity benchmarks retreated from record highs on Thursday with the Nifty snapping 10-day winning streak on account of profit booking in banks, oil & gas and capital goods stocks. The market fell as much as 0.8 percent intraday but it managed to trim losses in late trade. The Sensex was down 42.42 points to close at 22509.07 while the Nifty fell 16.45 points to 6736.10 after hitting an intraday low of 6,696.90. On BSE, Small Cap and Mid Cap ended lower, down around 0.25% each. On sectoral front, BSE Bank and Oil & Gas were top losing sector among the all sectors, followed by rest of the sectors except, Metal, Consumer Durable Goods, FMCG and Health Care.
The market breadth, indicating the overall health of the market, was weak, in Nifty50 stocks the advances to declines stands at 66 advances to 83 declines.
The market breadth, indicating the overall health of the market, was weak, in Nifty50 stocks the advances to declines stands at 66 advances to 83 declines.
No comments:
Post a Comment