Post-Session: Markets end marginally lower; TCS top loser 14/07/2017 16:30

The Indian equity benchmarks ended flat with negative bias on Friday, snapping the 4-day record closing trend as weak corporate earnings failed to boost the market sentiments.

Meanwhile, Wholesale inflation fell to the lowest in at least eight months. Contraction in food prices dragged India's annual rate of inflation based on wholesale prices to record low levels of 0.90 per cent in June, official data showed on Friday.

This week turned out to be a historic one for the domestic bourses as the both the benchmark indices rallied to hit record highs. BSE Sensex gained over 660 points while the NSE component Nifty added 220 points to clock the lifetime highs.

The 30-share barometer SENSEX closed at 32020.75, down by 16.63 points or by 0.05 per cent, and the NSE Nifty ended at 9886.35, down by 5.35 points or by 0.05 per cent.

During the day’s trade, 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 losers on the D-street included Tata Consultancy Services Ltd. (Rs. 2398.80,-1.85%), Wipro Ltd. (Rs. 259.50,-1.78%), Tata Motors Ltd. (Rs. 451.90,-1.42%), Coal India Ltd. (Rs. 250.55,-1.14%), Tata Motors Ltd. (Rs. 272.75,-1.11%), among others.

However, some buying interest was witnessed in stocks including NTPC Ltd. (Rs. 167.05,+2.02%), Kotak Mahindra Bank Ltd. (Rs. 977.00,+1.61%), State Bank of India (Rs. 291.60,+1.04%), Cipla Ltd. (Rs. 547.35,+0.96%), Reliance Industries Ltd. (Rs. 1531.05,+0.80%), among others.

On the sectoral front, IT and TECK index emerged as top losers, declining as much as 0.95 per cent and 0.6 per cent respectively.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 3023 , shares advanced were 1106 while 1762 shares declined and 155 were unchanged.