Metals, PSU Banks Drag Sensex, Nifty To Near Two-Week Low
A financial trader monitors data on computer screens on the trading floor. (Photographer: Jasper Juinen/Bloomberg)

Metals, PSU Banks Drag Sensex, Nifty To Near Two-Week Low

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Closing Bell: Metals, PSU Banks Drag Sensex, Nifty To Near Two-Week Low

Indian equity benchmarks end near a two-week low, dragged by metals and PSU banks.

The S&P BSE Sensex fell 0.3 percent to close at 40,675.45 and the NSE Nifty 50 fell 0.45 percent to end below 12,000. The broader markets represented by the NSE Nifty 500 Index fell 0.56 percent.

The market breadth was tilted in favour of sellers. About 1,212 stocks declined and 576 shares gained on National Stock Exchange.

Nine out of 11 sectoral gauges compiled by NSE ended lower, led by the NSE Nifty PSU Bank Index’s 2.86 percent fall. On the flipside, the NSE Nifty Realty Index was the top sectoral gainer, up 1.3 percent.

Large Trade Alert: Yes Bank

About 23 lakh shares of Yes Bank changed hands in a large trade, Bloomberg data showed. Buyers and sellers were not known immediately.

Shares of Yes Bank fell as much as 7.5 percent to Rs 59.25 after the large trade.

Stocks Moving On Heavy Volumes

Emami

  • Shares of the firm rose as much as 6.2 percent to Rs 336 apiece.
  • The trading volume was five times the 20-day average for this time of the day.

Thermax

  • Shares of electrical equipment maker declined 1.1 percent to Rs 997 each.
  • The trading volume was seven times the 20-day average for this time of the day.

Pfizer

  • Shares of drugmaker rose 4.7 percent to hit a record high of Rs 4,388.55 each.
  • The trading volume was three times the 20-day average for this time of the day.

Vodafone Idea Halt Three-Day Rally, Shares Drop 14%

Shares of Vodafone Idea halted a three-day gaining streak. The stock fell as much as 14.1 percent to Rs 6.70.

Of the shares traded, 36 percent were t the ask price and 29 percent were at the bid, according to Bloomberg data. The stock rose 16 percent in the past five days and advanced 62 percent in the past 30 days.

Prestige Estate Projects Surges 13% To hit An All-Time High

Shares of Prestige Estate Projects extended gains for the fifth consecutive trading session. The stock rose as much as 12.6 percent to hit an all-time high at Rs 363.50.

Trading volume was more than 10 times its 20-day average, Bloomberg data showed. The relative strength index on was above 70, indicating that the stock may be overbought.

The stock gained 18 percent in the past five days and advanced 14 percent in the past 30 days, according to Bloomberg data.

Pfizer Gains For Fourth Day; Shares Hit Record High

Shares of Pfizer extended gains for the fourth consecutive trading session. The stock rose as much as 4.7 percent to hit an all-time high at Rs 4,388.55.

Trading volume was almost four times its 20-day average, Bloomberg data showed. The relative strength index was above 70, indicating that the stock may be overbought.

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