Sensex, Nifty End Lower For Third Consecutive Trading Session
The Bombay Stock Exchange (BSE) logo is displayed on a biometric security and authentication device at the bourse’s building in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Sensex, Nifty End Lower For Third Consecutive Trading Session

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Closing Price: Sensex, Nifty End Lower For Third Consecutive Trading Session

Indian equities ended lower for the third consecutive trading session.

The S&P BSE Sensex fell 0.49 percent to close at 41,055.69 and the NSE Nifty 50 fell 0.56 percent to end at 12,045.80. The broader markets represented by the NSE Nifty 500 Index fell 0.7 percent.

The market breadth was tilted in favour of sellers. About 1,280 stocks declined and 551 shares advanced on National Stock Exchange.

All the 11 sectoral gauges compiled by NSE ended lower, led by the NSE Nifty PSU Bank Index’s 3 percent fall.

Fab Four Stocks Of The Day

Alphageo

  • Shares snapped four-day losing streak and rose as much as 20 percent to Rs 258.95.
  • The company won two contracts for seismic data processing valued at Rs 130 crore.

Mishra Dhatu Nigam

  • Stock rose as much as 20 percent to hit an all-time high at Rs 216.45.
  • Shares surge 140 percent since its listing on April 3, 2018.

Orient Electric

  • Shares surge the most in 14 months.
  • Stock rose as much as 8.2 percent to Rs 275.

Mindtree

  • Stock rose as much as 3.8 percent to Rs 996.40.
  • Fresh longs seen with high open interest of 24 percent.

Stocks Moving On Heavy Volumes

Balkrishna Industries

  • Stock rose as much as 11.1 percent to Rs 1,285.
  • Trading volume was more than eight times its 20-day average.

LIC Housing Finance

  • Stock fell as much as 14.8 percent to Rs 351.10.
  • Trading volume was almost seven times its 20-day average.

Lemon Tree Hotels

  • Stock rose as much as 6.7 percent to Rs 59.80.
  • Trading volume was more than six times its 20-day average.

Glenmark Pharma

  • Stock fell as much as 8.5 percent to Rs 305.40.
  • Trading volume was almost six times its 20-day average.

NCC Declines For Second Consecutive Trading Session

Shares of NCC extended declines for the second consecutive trading session.

The stock fell as much as 7.1 percent, the most since Feb. 1, to Rs 43.60, the lowest since October 2014.

Of the shares traded, 47 percent were at the ask price and 50 percent were at the bid, according to Bloomberg data.

Muthoot Finance Gains For Second Day, Shares Jump 17%

Shares of Muthoot Finance extended gains for the second consecutive trading session. The stock rose as much as 17.2 percent, the most since August 2016, to hit a record high at Rs 875.45.

Trading volume was almost 30 times its 20-day average, Bloomberg data showed. The Relative Strength Index was at 76, indicating that the stock may be overbought.

Mishra Dhatu Nigam Surges 20% To Record High

Shares of Mishra Dhatu Nigam rose as much as 20 percent, the most since Match 5, 2019, to hit an all-time high at Rs 216.45.

Trading volume was more than 20 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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