Monday, 2 January 2017

Sensex, Nifty end 1st day of 2017 lower; Midcap, Smallcap shine

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After spectacular rally in previous week, equity benchmarks started the first trading day of the year on a negative note amid volatility Monday, partly weighed by dismal manufacturing growth. However, the broader markets outperformed smartly. Banking & financials dragged while auto, healthcare, infra and select oil stocks supported the market. After 274-point swing, the 30-share BSE Sensex closed 31.01 points lower at 26595.45. 

The 50-share NSE Nifty was down 6.30 points at 8179.50. The broader markets bucked the trend as the BSE Midcap and Smallcap indices gained 0.8 percent and 1.2 percent, respectively. More than two shares advanced for every share falling on the exchange.

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