Sensex, Nifty set to end notably lower
- Author: Rita Burton Feb 16, 2017,
Feb 16, 2017, 1:02
The BSE group "A" stock of face value Rs 2 touched a 52 week high of Rs 598.6 on 07-Sep-2016 and a 52 week low of Rs 290.45 on 29-Feb-2016.
"Stock markets started the week on lacklustre note".
In terms of investments, the provisional data with exchanges showed that foreign institutional investors (FIIs) purchased stocks worth Rs 306.74 crore, whereas the domestic institutional investors (DIIs) divested scrip worth Rs 171.70 crore.
The rise in U.S. stocks nudged MSCI's broadest index of Asia-Pacific shares outside Japan to a 19-month high.
Globally, Japan's Nikkei was down 0.16 percent, Shanghai's Composite Index shed 0.14 percent, while Hong Kong's Hang Seng slipped 0.03 percent in their early deals. Sensex closed in negative territory, at 28155.56 levels, down by 183.75 points or 0.65%.More news: Spicer demands apology from McCain, critics of Yemen raid
Among secondary barometers, the BSE Mid-Cap index provisionally fell 1.16 per cent.
On the other hand, ITC (1.14%), Tata Consultancy Services (0.88%), HDFC Bank (0.49%), Bajaj Auto (0.38%), Asian Paints (0.34%), and Hindustan Unilever (0.33%). Shares of Bank of Baroda slumped 10.26% to Rs 168.75 after it posted lower-than-expected quarterly profits on Friday.
Sector-wise, the S&P BSE IT index surged by 86.27 points, followed by the Teck (technology, media and entertainment) index, which edged up by 37.82 points, and the metal index, which rose by 35.85 points.
Shares of the automaker fell as much as 8.5 percent to Rs 440, for the fifth day in a row after the company's net profit for the October-December quarter declined a whopping 90 percent.