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Nifty skidded 101.50 points to close at 11,244.70

Asian and European markets declined after escalating US-China trade spat weighed on investor sentiment.


PTI 02 Aug 2018, 01:08 PM India

Benchmark Nifty skidded 101.50 points to close at 11,244.70 today following profit-booking in realty, auto, finance service, energy, IT and banking stocks amid negative global cues.

Asian and European markets declined after escalating US-China trade spat weighed on investor sentiment.

Meanwhile, the US Federal Reserve kept the interest rates unchanged yesterday.

The Nifty 50 index lost 101.50 points or 0.89 percent to close at 11,244.70. It witnessed an intra-day movement of about 93.95 points.

Sector-wise, Realty dropped 1.66 per cent, followed by Auto 1.44 per cent, Finance Service 1.13 per cent, Energy 0.93 per cent, IT 0.86 per cent, Private Bank 0.78 per cent, Bank 0.87 per cent, PSU Bank 0.74 per cent, Media 0.65 per cent, Infra 0.45 per cent and FMCG 0.32 per cent.

Pharma and metal climbed by 1.32 percent and 0.23 percent, respectively.

Major index gainers were Lupin, Dr. Reddy's, Power Grid, HPCL, BPCL, Sun Pharma, IndusInd Bank, GAIL and Coal India

Index losers included Kotak Bank, Bharti Airtel, Maruti Suzuki, RIL, Mahindra & Mahindra and HDFC.

The market breadth, indicating the overall health of the market, turned negative. On NSE, 869 shares advanced and 963 declined, while 82 remained unchanged.

Total securities that hit their price bands were 244.

Turnover in the cash segment rose to Rs 30,888.61 crore from Rs 33,806.18 crore as on Wednesday.

A total of 14,337.67 lakh shares changed hands in 1,12,03,255 trades. The market capitalization of listed firms on the NSE stood at Rs 1,50,90,310.96 crore.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


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