Wednesday, 17 May 2017

Sensex opens lower, Nifty snaps 9500 on profit booking >> For more Free Stock Tips click here


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Profit booking after a stellar run on Tuesday pushed the indices lower in the opening session, with the Nifty snapping 9500-mark.

The 30-share Sensex was down 46.43 points at 30536.17, while the broader index Nifty was down 20.15 points at 9492.10. The market breadth was narrow as 436 shares advanced against a decline of 357 shares, while 62 shares were unchanged.

Midcaps, banks, auto and pharma indices on the Nifty were lower, while metals surged.

Tata Steel gained over 3 percent on the back of strong Q4 earnings, while TCS and ICICI Bank were the other top gainers. Meanwhile, ITC, Bharti Airtel, Zee Entertainment and Bosch lost the most.

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