Sensex subdued; Nifty struggles below 9900 14/07/2017 14:19

The key benchmarks were trading marginally lower in the late-afternoon trading session after mixed earnings updates from TCS and Infosys. Meanwhile, investors also booked profits after a 4-day bull run in financial stocks such as ICICI Bank, down as much as 1.1 per cent after two straight sessions of gains. Yes Bank slid as much as 1.4 per cent after gaining for five consecutive sessions.

At 2:07 PM SENSEX was at 32003.71 down by 33.67 points or by 0.11 per cent and then NSE Nifty was at 9868.95 down by 22.75 points or by -0.23 per cent.

The Sensex touched intraday high of 32109.75 and intraday low of 31897.87 The NSE Nifty touched intraday high of 9913.3 and intraday low of 9845.45.

The top gainers of the BSE Sensex pack were Kotak Mahindra Bank Ltd. (Rs. 979.25,+1.85%), NTPC Ltd. (Rs. 165.85,+1.28%), State Bank of India (Rs. 292.20,+1.25%), Cipla Ltd. (Rs. 547.75,+1.03%), Infosys Ltd. (Rs. 983.00,+0.69%), among others.

The top losers of the BSE Sensex pack were Tata Consultancy Services Ltd. (Rs. 2397.50,-1.90%), Coal India Ltd. (Rs. 249.50,-1.56%), Wipro Ltd. (Rs. 260.50,-1.40%), Tata Motors Ltd. (Rs. 272.15,-1.32%), Tata Motors Ltd. (Rs. 454.10,-0.94%), among others.

Among the sectors, BSE_HCS index was at 14699.87 up by 126.73 points or by 0.87%. Biocon Ltd. (Rs. 400.50,+9.23%), Aurobindo Pharma Ltd. (Rs. 741.05,+5.18%), Syngene International Ltd. (Rs. 497.75,+4.91%), Abbott India Ltd. (Rs. 4545.00,+3.27%), Indoco Remedies Ltd. (Rs. 206.00,+2.87%).

On the other hand, BSE_CGS index was at 17614.89 down by -118.67 points or by -0.67%. Mahindra CIE Automotive Ltd. (Rs. 240.00,-1.82%), BEML Ltd. (Rs. 1540.00,-1.32%), Sadbhav Engineering Ltd. (Rs. 289.25,-1.30%), Va Tech Wabag Ltd. (Rs. 675.85,-1.27%), AIA Engineering Ltd. (Rs. 1420.10,-1.23%).

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2900, shares advanced were 989 while 1751 shares declined and 160 were unchanged.