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Business EconomyPosted at: Apr 21 2017 6:01PM


Brisk selling drags Sensex down by 57.09 pts

Mumbai, Apr 21 (UNI) The benchmark index of Bombay Stock Exchange (BSE) fell in a highly voloatile session today by 57.09 points to end negative at 29,365.20 due to brisk selling in select stocks such as FMCG, Metals and Health Care amid weak global cues.
The Nifty of National Stock Exchange (NSE) also declined by 17.00 points to 9,119.40.
Key benchmark indices edged higher on positive cues from Asian peers. After hovering in a narrow range in a positive terrain till early afternoon, indices slipped into the red to hit intrday low in afternoon trade.
After sliding to intraday low in afternoon trade, the key benchmark indices trimmed losses in mid-afternoon trade. Stocks traded in negative zone in late trade.
The Sensex gained 161.95 points to touch the day's high of 29,584.34 at the onset of the session The index fell 162.97 points to the day's low of 29,259.42 in mid-afternoon trade, The Nifty rose 47.25 points to hit the day's high of 9,183.65 at the onset of the session, The index fell 47.65 points to the day's low of 9,088.75 in mid-afternoon trade.
The BSE Mid-Cap index went up by 0.02 per cent. The BSE Small-Cap index advanced by 0.25 pc. Both these indices outperformed the Sensex.
The market breadth once again turned positive from negative in late trade on the BSE, as 1,449 shares rose while 1,422 other fell and 143 were unchanged.
The total turnover on BSE amounted to Rs 3,751.19 crore, compared with a turnover of Rs 4,028.59 crore registered during the previous trading session.
Among Asian stocks, Shanghai shares post their worst week in 2017 as tighter regulatory scrutiny and concerns over the broader economic outlook dampened investors' risk appetite.
The blue-chip, CSI300 index, rose 0.2 per cent to 3,466.79, while the Shanghai Composite Index was flat at 3,173.15 points.
European shares fell as French stocks came under pre-election pressure.
US stocks closed higher yesterday on rising expectations for first-quarter corporate profits.
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