Thursday, 3 May 2018

Nifty struggles below 10,700, all sectoral indices in the red

The market was off its day's low in afternoon, with all sectoral indices trading lower following global weakness.

Technology, FMCG, select banks stocks, Reliance Industries and L&T continue to trade lower whereas ICICI Bank and HDFC capped market losses.
The 30-share BSE Sensex was down 65.13 points at 35,111.29 and the 50-share NSE Nifty fell 38.80 points to 10,679.20. About three shares declined for every share rising on the BSE.
The Nifty Midcap index continued to underperform frontliners, falling more than 1 percent.
HCL Technologies was the biggest loser among Nifty50 stocks, shedding 7 percent after weak FY19 guidance.

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