Market Closed: Nifty manages to hold 8700; IT gains

INDORE, India - Sept. 27, 2016 - PRLog -- The Indian benchmark index closed touch fall in uneven exchange on Tuesday, undermining firm signals from Asian peers, in the midst of rush in selling movement crosswise over capital goods, infrastructure, oil and gas and metal shares. On the worldwide front, the Asian stocks bounced back as traders cheered surveying report demonstrating Clinton as having gotten the high ground against Republican candidate Donald Trump amid their 1th US Presidential verbal debate.

Continuing with its losing streak, the 30-script BSE SENSEX shut down at 28223.7, around 70.58 points or by 0.25 % , and the NSE Nifty finished at 8706.4, around 16.65 points, or by 0.19%.

The undercurrent stayed wary as dealers tensely anticipated the result of the meeting of top oil producers to discuss measures to balance out oil costs including a conceivable production freeze.

In the unstable trade, the BSE Sensex moved day high of 28432.74 and day low of 28179.34, while the NSE Nifty moved day high of 8768.5 and day low of 8690.5.

Top Falls Shares

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

Top Gainers Stocks

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

On the sectoral front, capital goods and oil&gas shares were among top failures on BSE, dropping as much as 1.12% and 0.72% individually.

The Market width, demonstrating the overall health of the market, was poor. On BSE out of aggregate stocks exchanged 3060, stocks late were 1336 while 1492 stocks droped and 232 were unchanged.

Global Market Reviews

On the worldwide front, European shares erased early picks up as bad opinion towards the banking division saw Deutsche Bank stocks strike a crisp record low. France's CAC, Germany's DAX and Britain's FTSE were fall 0.3-0.8% at the season of composing this article. In any case, Asia generally shut upper, after the close of the primary US presidential debate. Japan's Nikkei, China's Shanghai and Hong Kong's Hang Seng increased 0.6-1%.

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