Post Session: Sensex pares gains to close 70 pts lower, Nifty settles at 8,706 27/09/2016 16:29

Post Session: Sensex pares gains to close 70 pts lower, Nifty settles at 8,706
27/09/2016 16:29

NIFTY Fut               : SELL ZONE
BANKNIFTY FUT : SELL ZONE



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The Indian benchmark indices ended tad lower in choppy trade on Tuesday, undermining firm cues from Asian peers, amid surge in selling activity across capital goods, infrastructure, oil & gas and metal stocks. On the global front, the Asian stocks rebounded as investors cheered polling report showing Clinton as having gotten the upper hand against Republican candidate Donald Trump during their first US Presidential debate.

Continuing its losing streak, the 30-share BSE SENSEX closed at 28223.7, down by 70.58 points or by 0.25 per cent, and the NSE Nifty ended at 8706.4, down by 16.65 points, or by 0.19 per cent.

The undertone remained cautious as traders anxiously awaited the outcome of the meeting of top oil producers to discuss measures to stabilize oil prices including a possible production freeze.

In the volatile trade, the BSE Sensex touched intraday high of 28432.74 and intraday low of 28179.34, while the NSE Nifty touched intraday high of 8768.5 and intraday low of 8690.5.

The top losers of the BSE Sensex pack were Adani Ports & Special Economic Zone Ltd. (Rs. 264.50,-2.20%), Bharti Airtel Ltd. (Rs. 314.00,-2.01%), Larsen & Toubro Ltd. (Rs. 1439.50,-1.99%), Oil And Natural Gas Corporation Ltd. (Rs. 247.50,-1.20%), Axis Bank Ltd. (Rs. 541.10,-1.19%), among others.

On the flip side, Lupin Ltd. (Rs. 1513.90,+1.26%), Tata Consultancy Services Ltd. (Rs. 2430.70,+1.24%), Wipro Ltd. (Rs. 484.40,+1.17%), Asian Paints Ltd. (Rs. 1191.00,+0.90%), Sun Pharmaceutical Industries Ltd. (Rs. 770.50,+0.54%), were among top gainers on the BSE.

On the sectoral front, capital goods and oil&gas stocks were among top losers on BSE, falling as much as 1.12 per cent and 0.72 per cent respectively.

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