Wednesday 24 May 2017

Sensex, Nifty trade steady, but market breadth favours declines


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Equity benchmark indices were trading steady after opening in the green zone, with the Nifty hovering around 9400-mark.

The Sensex was up 99.43 points at 30464.68, while the Nifty was up 18.80 points at 9404.95. The market breadth was negative as 856 shares advanced against a decline of 1,064 shares, while 88 shares were unchanged.

Midcaps, PSU banks as well as pharma were the top losers, while the auto index gained.

Tata Motors, Tata Motors DVR and HDFC gained the most, while Asian Paints, Dr Reddy’s Laboratories, HCL Tech and Bank of Baroda lost the most.

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