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Tuesday, 7 March 2017

Live Market Update: Nifty Below 8950

The market fell furthermore in late morning trade as investors looked to book profits ahead of the key exit poll data for assembly elections on Thursday. The Nifty was trading well below 8950-mark. The Sensex trading down 71 points at 28976, while the Nifty jumped down 25 points at 8938. The market breadth was negative as 1,032 shares had advanced, while 1,450 shares declined. Meanwhile, 137 shares remained unchanged. The BSE Small-Cap declined 19 points at 13651 and BSE Mid-Cap gained 13 points at 13498. 

In Asian market, Hang Seng jumped up 100 points at 23696, Shanghai Composite gained 3 point at 3237 and Nikkei 225 lost 34 points to 19344. 

Bharat Financial Inclusion tanked nearly 7 percent intraday after the microfinance institution indicated a risk of 4.5 percent of its loan book turning bad in the December quarter. Tata Steel, Hindalco and Axis Bank were major laggards on the indices, while Adani Ports, TCS and BPCL were the top gainers.