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Wednesday 18 October 2017

Axis, ICICI top losers as Bank Nifty falls over 1%

The Indian benchmark indices began the Wednesday morning on a negative note with the Nifty shedding 33.30 points or 0.33 % while the Sensex slipped 0.27 %, down 87.06 points. 

The Bank Nifty was the top index loser in the morning trade, downover 1 % led by Axis Bank which cracked over 6 % while Yes Bank was down 2.82 percent and ICICI Bank shed 2.26 %.

From the Nifty50 index, the top losers were Axis Bank followed by ICICI Bank, Yes Bank and State Bank of India, each falling over 2 % each. Zee Entertainment Enterprises was the other top Nifty loser which shed 1.58 %. The most active Nifty stocks apart from Axis, ICICI and SBI were Dewan Housing Finance and Reliance Capital.

The top losers from the Sensex included names like Dena Bank which cracked 6.14 % while Religare Enterprises and Dilip Buildcon fell over 3 % each.

The market breadth was weak on Wednesday morning with the advance decline trend in favour of the declines as 18 advanced while 31 declined. On the BSE, 1375 advanced while 1301 declined.

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1 comment:

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