Post Session: Sensex ends 139 pts lower as Fed hikes rate; Infosys slips 3%
14/06/2018 16:02
Indian equities closed lower on Thursday, tracking weak cues from Asian peers, as investor weighed Federal Reserve decision to hike rate and looming concerns about US-China trade frictions. In line with the benchmark indices, the broader markets also ended lower, with MidCap and SmlCap indices falling as much as 0.08 per cent and 0.07 per cent, respectively. Shares of Infosys emerged as top laggard and tumbled 3 per cent on the BSE after the stock adjusted for dividend.

The 30-share benchmark index closed trade at 35599.82, down by 139.34 points or by 0.39 per cent, and the NSE Nifty settled at 10808.05, down by 48.65 points or by 0.45 per cent.

During the day’s trade, the BSE Sensex touched intraday high of 35749.88 and intraday low of 35488.55, while the NSE Nifty touched intraday high of 10833.7 and intraday low of 10773.55.

The top losers of the BSE Sensex pack were Infosys Ltd. (Rs. 1238.70,-2.93%), ICICI Bank Ltd. (Rs. 284.65,-2.11%), Tata Consultancy Services Ltd. (Rs. 1792.25,-1.75%), State Bank of India (Rs. 282.70,-1.72%), Adani Ports & Special Economic Zone Ltd. (Rs. 375.90,-1.64%), among others.

On the flip side, Sun Pharmaceutical Industries Ltd. (Rs. 559.65,+2.57%), Dr. Reddy's Laboratories Ltd. (Rs. 2283.00,+1.38%), YES Bank Ltd. (Rs. 337.00,+1.17%), IndusInd Bank Ltd. (Rs. 1966.60,+1.00%), Mahindra & Mahindra Ltd. (Rs. 923.00,+0.61%), were among top gainers on BSE.

On the sectoral front, IT and Teck stocks emerged as top losers on BSE, falling as much as 1.4 per cent and 1.32 per cent, respectively.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2908, shares advanced were 1309, while 1443 shares declined and 156 were unchanged.