Published: Wed, November 01, 2017
Economy | By Shawn Conner

Markets Open in Red, Sensex Marginally Down at 33247, Nifty at 10353

Markets Open in Red, Sensex Marginally Down at 33247, Nifty at 10353

Biggest losers in the 30-share index were Infosys (2.43%), Mahindra & Mahindra (2.14%), Tata Steel (2.11%), State Bank Of India (2.02%), Tata Motors (1.66%), and Larsen & Toubro (1.25%).

The benchmark index of Bombay Stock Exchange (BSE) fell on Tuesday by 53.03 points to close at 33,213.13 due to profit booking by local investors.While, the Nifty of National Stock Exchange (NSE) also declined by 28.35 points to 10,335.30.In a volatile trade, the market opened lower amidst mixed cues from the Asian peers and lower close of U.S. stocks overnight and later went back to negative terrain after hitting fresh intraday high in morning trade.

The NSE Nifty50 slipped by 21 points or 0.20 per cent to close at 10,323.05 points, while the Sensex closed at 33,157.22 points, higher by 10.09 points or 0.03 per cent.

The companys market valuation rose sharply by Rs 9,295.5 crore to Rs 1,25,413.50 crore.

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Domestic sentiment was hit as investors were keeping an eye on US Federal Reserve two-day policy meet that begins today.

Among BSE sectoral indices, metal index fell the most by 1.64 per cent, followed by TECk 0.51 per cent, PSU 0.5 per cent and IT 0.46 per cent.

Both Sensex and Nifty had however managed to earn gains on Monday.

In six days, the index has gained 876.19 points.

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The Sensex and Nifty were trading marginally lower due to profit-booking by funds and retail investors and weak Asian cues.

Dr Reddy's fell 0.07 per cent to Rs 2,431.40 after the company today posted a marginal decline in consolidated net profit for the second quarter.

On the other hand, Axis Bank (8.00%), Oil & Natural Gas Corporation (2.38%), Bharti Airtel (0.98%), Hero Motocorp (0.63%), Wipro (0.39%), and ITC (0.36%) were the biggest gainers in the Sensex.

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