Sensex extends losses ahead of exit polls; down 87 points

March 09, 2017 10:14 am | Updated 10:17 am IST - Mumbai,

The Sensex shed about 87 points while the NSE Nifty cracked below the 8,900—mark in early trade today on sustained selling in oil and gas, power, healthcare and PSU counters ahead of exit poll results.

The 30—share Sensex barometer, which had lost 146.25 points in the previous two sessions, fell by another 86.92 points or 0.30 per cent to 28,815.02.

The broader Nifty too declined by 24.80 points or 0.27 per cent to 8,899.50.

Brokers said trimming of positions by participants ahead of exit poll results for the assembly elections later in the day amid a weak trend globally, influenced trading sentiment.

Among major losers on BSE were GAIL, Dr Reddy’s, Power Grid, ONGC, Adani Ports, Wipro, Hindustan Unilever, NTPC, Bharti Airtel, Cipla, Infosys and ITC Ltd, which fell up to 4.25 per cent in early trade.

In Asian markets, Hong Kong’s Hang Seng was down by 1.01 per cent, while Japan’s Nikkei rose 0.15 per cent in early trade. Shanghai Composite index shed 0.92 per cent.

The Dow Jones Industrial Average ended 0.33 per cent lower in yesterday’s trade.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.