Wednesday 15 March 2017

Nifty closes above 9080, Sensex down 40 points, Idea rallies over 10%


    Nifty closed at 9084 levels, down by 2 points or 0.02%. Sensex closed at 29398 levels, down by 44 points or 0.15%.
 
There were 846 advances, 783 declines and 294 unchanged stocks on NSE, reflecting bearish undertone floating in the market.
 
Idea was the top Nifty gainer whereas, TCS was the top Nifty loser in Wednesday’s trading session.
 
The BSE Mid-cap Index closed up 1% at 13700 whereas, BSE Small-cap Index closed up 0.6% at 13858.

IT stocks under performed broader markets and was the top losing index on the BSE on Wednesday.
 
Infosys contributed nearly 50% to the BSE IT index downfall dragging the index to its lows. The stock closed at Rs 1011 per share up by Rs 23 per share or 2.2%.

Among the Telecom stocks Idea was the top buzzing stock in morning trade and was up by nearly 10%. The stock closed at Rs 113 per share up by Rs 10 per share or 9.9%.
 
Tyre stock, MRF was gaining ground in lunch hours closing at Rs 57100 per share up by Rs 4 per share or 7.7%.

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