Nifty extends fall for 3rd day, down 17 pts

PTI Feeds
Nifty extends fall for 3rd day, down 17 pts

Mumbai, Apr 10 (PTI) The NSE 50-share Nifty extended

its fall for the third consecutive session on selling in key

heavyweights of IT and energy sectors amid caution setting in

ahead of quarterly earnings this week.

Besides, continued geopolitical tensions post US missile

attack on Syria further affected the sentiment.

Most European and Asian equities dropped amid caution as

increased geopolitical risks prompted investors to favour

safe-haven bets such as government debt.

Markets opened on a positive note and moved in a

lacklustre manner, the index witnessed consolidation and

regained 9,200-level during the intra-day trade at 9,225.65.

Later, caution ahead of fourth quarterly results and slew of

macro numbers including CPI and IIP numbers this week led the

key indices to end with losses.

The NSE 50-share Nifty opened higher at 9,225.60 and

moved in a range of 9,225.65 and 9,174.85 before finishing at

9,181.45, registering a loss of 16.85 points, or 0.18 per

cent.

The Nifty IT dropped by 1.41 per cent, followed by

energy 0.31 per cent and infra 0.04 per cent.

While, media gained 0.89 per cent, metal 0.88 per

cent, PSU bank 0.62 per cent, Pvt bank 0.56 per cent, bank

0.42 per cent and auto 0.42 per cent.

Broader market outperformed key indices with shares of

midcap rose 0.43 per cent and small-cap 0.76 per cent.

A total of 690 shares ended with losses while 998

finished with gains while 86 ruled steady.

The major Nifty loser is Infy 2.87 per cent, Asian

Paint 2.19 per cent, India Bull Housing Finance 2.16 per cent,

HCL Tech 1.91 per cent, Reliance 1.80 per cent.

However, BPCL gained by 3.69 per cent, IOC 3.50 per

cent, Grasim 3.17 per cent, Yes Bank 2.77 per cent and

Infratel 2.70 per cent.

Turnover in the cash segment climbed to Rs 23,570.11

crore from Rs 28,156.27 crore last Friday.

A total of 11,699.50 lakh shares changed hands in

8,682,968 trades. The market capitalisation of listed firms

stood at Rs 12,138,432 crore.

This is published unedited from the PTI feed.