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Thursday, 22 December 2016

Latest Market Update | Nifty Ended Below 8000; Sensex Lost 262 Points

Equity Benchmark indices fell for the seventh consecutive session for the first time since March 2016, with the Sensex losing more than 300 points intraday Thursday amid thin volumes ahead of Christmas holiday. The Sensex plunged 263 points or 1% to 25980 and the Nifty felled 82 points or 1.02 percent to 7979. The Indian Rupee Closed lower by 11 paise at 68.02 per Dollar

The broader markets underperformed benchmarks with the BSE Mid-cap and Small-cap indices shedding 1.5 percent and 1.25 percent, respectively. The market is down 10 percent on both local and global factors.
In Commodity market, Gold declined .20% at Rs 26,91836 per 10 gms and silver lost .27 % at Rs 38,983 per kg. 

Asian Market Update: On the global indices, Asian markets closed lower on Thursday. Hang Seng slipped 1%, Nikkei  lost 09% while Shanghai Composite closed marginally up. 

At the close of day, Asian Paints, ITC, Infratel, Tata Motors,Zee Entertain and ACC were the Top gainers while Hindalco, Adani Ports, ONGC, Bharti Airtel, Tata Steel were among the Top losers on NSE.