Tuesday, August 29, 2017

Stock Market Opening Bell & Market Update for 29-08-2017

Market Live: Nifty opens below 9,900, Sensex falls 100 pts; ACC, BoB lower

Equity benchmarks opened sharply lower on Tuesday on weakness in Asian peers after the launch of missile by North Korea.

The 30-share BSE Sensex was down 128.02 points at 31,622.80 and the 50-share NSE Nifty fell 41.95 points to 9,870.85.

ACC, Bank of Baroda and Tata Power were under pressure, down 1-2 percent after NSE decided to exclude these stocks from Nifty50. HPCL and UPL gained up to 2 percent on addition in Nifty50.

Nifty Midcap was down 0.5 percent on market breadth. About two shares declined for every share rising on the NSE.

DLF lost further, down 2 percent after losing 3.6 percent in previous session despite GIC deal.

Thyrocare, Fortis Healthcare, JP Associates, Biocon and Amara Raja Batteries gained up to 5 percent while Jaypee Infra, RBL Bank, 8K Miles, Dish TV, Bata India and Reliance Infrastructure fell up to 4 percent.

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