Thursday, 27 April 2017

27th April 2017- CLOSING BELL >> Nifty ends April series below 9350; Sensex snaps 3-day rally on profit booking

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Equity benchmarks snapped three-day winning streak on profit booking Thursday, with the Nifty closing April series below 9,350 level. Weak European cues also dampened sentiment in the second half of session.

The 30-share BSE Sensex was down 103.61 points at 30,029.74 and the 50-share NSE Nifty fell 9.70 points to 9,342.15 amid consolidation, weighed by profit booking in banking & financials, FMCG, and select pharma stocks.

Investors also digested recent positive global events (like French elections) and quarterly earnings that so far have been good, analysts say, adding today's volatility was expected due to the expiry of April futures & options contracts.

They feel consolidation may continue for a couple of days as the Sensex rallied 768 points in previous three consecutive sessions and hit a record closing high.

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