Published: Thu, May 17, 2018
Money | By Armando Alvarado

Techindia Nirman Limited (TECHIN) Dips -2.86% on May 17

Techindia Nirman Limited (TECHIN) Dips -2.86% on May 17

The Indian equity markets ceded their initial gains to close Thursday's trade session in the red as negative global cues like rise in crude oil prices eroded investors risk-taking appetite.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) closed at 10,801.85 points - down 4.75 points or 0.04 per cent - from the previous close of 10,806.50 points.

The BSE Sensex fell 239 points to end at 35,149 as nervous investors took money off the table amid political wrangling in Karnataka.

Mumbai: The BSE benchmark Sensex tumbled over 245 points in early session today amid uncertainty over government formation in Karnataka and sustained foreign fund outflows.The 30-share index was trading lower by 245.23 points, or 0.69 per cent, at 35,298.71. Globally, most Asian markets fell after North Korea unexpectedly cancelled high-level talks with Seoul and threatened to call off the much anticipated summit with the U.S., reigniting tensions on the peninsula.

About 1,186 shares advanced against 945 declining shares on the BSE, while the Dow Jones industrial average closed 62.52-points higher at 24,768.93, according to moneycontrol.

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PNB, Syndicate Bank, Bank of Baroda, Century Plyboards, Morepen Labs, Adani Transmission, Reliance Communications and Shakti Pumps fell up to 16 percent.

On the currency front, the Indian rupee strengthened by 72 paise against the U.S. dollar to 67.80, from its previous close at 68.08 per greenback. "And the small cap index rallied".

Shares of Narayana Hrudayalaya Limited (NSE:NH) last traded at 258, representing a move of -0.64%, or -1.65 per share, on volume of 31,342 shares.

Meanwhile, on a net basis, Domestic Institutional Investors (DIIs) bought shares worth Rs 531.33 crore while Foreign Portfolio Investors (FPIs) sold shares to the tune of Rs 518.47 crore on Tuesday, provisional data showed.

The major gainers on the Sensex were Hindustan Unilever, up 3.84 per cent at Rs 1,574.20; ITC, up 1.47 per cent at Rs 285.95; Wipro, up 1.44 per cent at Rs 274.30; Tata Motors (DVR), up 1.33 per cent at Rs 183.50; and Yes Bank, up 1.11 per cent at Rs 349.50 per share.

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