A stock broker reacts during market hours in a dealing room in Mumbai. (Photographer: Prashanth Vishwanathan/Bloomberg News)

Sensex, Nifty Post Biggest Weekly Loss In Over 3 Months

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Closing Bell

Indian equity benchmarks fell for fourth day in a row posting their biggest weekly loss in 14 led by selling pressure in Reliance Industries, Infosys and State Bank of India.

The S&P BSE Sensex fell 0.95 percent or 316 points to 32,832.94 and the NSE Nifty 50 Index declined 1.02 percent or 105 points to 10,121.80. Losses in today's session were broad-based as the S&P BSE MidCap Index fell 0.95 percent and the S&P BSE SmallCap Index fell 1.16 percent.

Market breadth was extremely bearish as 27 out of 30 shares in the Sensex ended lower.

For the week, Sensex declined 2.51 percent and Nifty fell 2.58 percent.

All sector gauges compiled by BSE ended lower led by the S&P BSE Realty Index's 2 percent fall.

Sensex, Nifty Post Biggest Weekly Loss In Over 3 Months

Recent Outperformers Face Selling Pressure

Shares of the recent outperformers in the Nifty 500 basket of shares were facing the heat of selling pressure.

  • McLeod Russel falls 6.8 percent
  • Radico Khaitan plunges 9 percent
  • Sobha falls 4.87 percent

Fab Four Stocks Of The Day

Vimta Labs: The Hyderabad-based clinical research provider was locked in 20 percent, rising the most in over three years, to Rs 163.50 after its net profit nearly doubled in September quarter.

  • Revenues up 13 percent at Rs 43 crore versus Rs 38 crore
  • Net profit up 95 percent at Rs 4.3 crore versus Rs 2.2 crore
  • EBITDA up 77 percent at Rs 11.5 crore versus Rs 6.5 crore
  • Margins at 26.7 percent versus 17.1 percent

IL&FS Engineering: Shares of the Hyderabad-based infrastructure company rose 5.45 percent to Rs 51.25 after IL&FS Transportation Networks awarded road contract to the company worth Rs 581.96 crore, the company said in a stock exchange filing.

Talwalkar Better Value Fitness: The Mumbai-based gym operator rose as much as 12.9 percent, the most in over two years, to Rs 303 after Ventura Securities initiated coverage on the stock with a buy rating for target price of Rs 728.

Den Networks: The Delhi-based cable TV service provider rose as much as 8.88 percent to Rs 108.50 after Norges Bank bought 23.88 lakh shares in the company.

Countdown

Market Check

  • Indian equity indices were trading near day's lowest level led by losses in HDFC, Infosys and Reliance Industries.
  • The S&P BSE Sensex fell 0.37 percent to 33,026 and the NSE Nifty 50 Index fell below its crucial psychological level of 10,200.
Sensex, Nifty Post Biggest Weekly Loss In Over 3 Months