Sensex, Nifty fall on profit booking in pharma, banking stocks

On a weekly basis, the Sensex climbed 280.99 points, or 0.87 Percent, while the Nifty gained 99.25 points, or 1 percent

PTI July 28, 2017 16:27:19 IST
Sensex, Nifty fall on profit booking in pharma, banking stocks

Mumbai: The benchmark BSE Sensex on Friday fell by 73 points as investors booked profits in pharma, banking and auto stocks after disappointing financial results.

The 30-share index closed at 32,309.88, down by 73.42 points, or 0.23 percent.

Sensex Nifty fall on profit booking in pharma banking stocks

Reuters

After opening lower, the BSE barometer touched a low of 32,104.66 as investors booked profits in recent gainers.

However, emergence of buying in the last hour of trade helped the index recoup most of initial losses.

The broader NSE Nifty fell by 6.05 points, or 0.06 percent, to close at 10,014.50 as 29 index constituents declined.

The 50-share index had dropped below the 10,000 mark to hit a day's low of 9,944.50 as pharma stocks such as Dr Reddy's, Lupin and Sun Pharma fell up to 6 percent intra day.

Among others, ICICI Bank fell by 3.6 percent after its quarterly results failed to enthuse investors. Hero MotoCorp, Axis Bank and Hindustan Unilever also fell.

On a weekly basis, the Sensex climbed 280.99 points, or 0.87 Percent, while the Nifty gained 99.25 points, or 1 percent.

Updated Date:

also read

Market Roundup: Sensex ends 656 points lower, Nifty below 18,000; today's top winners and losers
Business

Market Roundup: Sensex ends 656 points lower, Nifty below 18,000; today's top winners and losers

The top gainers of BSE Sensex were SBI, Tata Steel, Maruti, Axis Bank and Tech Mahindra. The top laggards were Infosys, Asian Paints, Hindustan Unilever, Nestle India and Bajaj Finance

Market Roundup: Sensex falls 554 points, Nifty ends at 18,113; check top winners and losers here
Business

Market Roundup: Sensex falls 554 points, Nifty ends at 18,113; check top winners and losers here

All the sectoral indices ended in red amid rise in oil prices. Realty, auto and metal stocks dip in closing trade

Market Roundup: Sensex falls by 12 points, Nifty ends at 18,255; check top winners and losers here
Business

Market Roundup: Sensex falls by 12 points, Nifty ends at 18,255; check top winners and losers here

As for sectoral indices, realty, IT and consumer durables ended in green while the rest incurred losses.