Wednesday, 19 April 2017

Nifty closes lower, broader markets outperform, Power Grid sizzles 5%

Benchmark indices NSE Nifty closed at 9103 levels, 🔽down by 1 points or 0.02%, whereas the BSE Sensex closed at 29,336 levels,🔼 up by 17 points or 0.06%. Nifty extended its losing streak for the 5th consecutive day on Wednesday.
 
While, BSE Mid-cap Index closed down🔽 0.6% at 14390 whereas, BSE Small-cap Index closed 🔽down 0.7% at 14957. The broader market on Wednesday outperformed major equity indices.
 
There were 947 advances, 701 declines and 303 unchanged stocks on NSE, reflecting bullish undertone floating in the market.
 
Power Grid was the top Nifty gainer whereas, Aurobindo Pharma was the top Nifty loser. 
Shares of Som Distilleries & Breweries surged over 14% on BSE as the company launched is product “Black Fort” beer in the state of Karnataka. The stock closed at Rs 134 per share up by 13 or 11%
 
Power Grid, a company mainly engaged in power transmission business during Wednesday’s trading session sizzled nearly 5% on intraday basis. 
 
The stock witnessed a huge spurt in volume by over 1.67 times, hitting a fresh 52-week high of Rs 212.40 per share on the BSE. The closed at Rs 210 per share higher by 4.2%.🔺

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