Markets swung into weakness as the Sensex on June 28, 2017 fell over 76 points and the NSE Nifty slipped below the 9,500 mark as investors brought down their bets ahead of the derivatives expiry. Negative leads from global markets weighed.
Cutting down of positions by participants in view of June derivatives contract expiry on June 29, 2017 added to the downward move.
The BSE 30-share barometer fell 76.62 points, or 0.24%, to 30,881.63. The gauge had lost 332.49 points in the previous two sessions. The laggards were Asian Paints, SBI, ITC Ltd, Dr Reddy’s, L&T and Reliance Industries, declining by up to 2.20%.
Sectoral indices led by consumer durables, FMCG, capital goods and healthcare stocks were in the negative terrain, falling by up to 0.87%.
The NSE Nifty also slipped 31.60 points, or 0.33%, to 9,479.80. There is a sense of caution ahead of the rollout of the GST on July 1.
A weak trend on other Asian bourses following overnight losses in U.S. markets dampened sentiment too.
Hong Kong’s Hang Seng was down 0.58% while Shanghai Composite edged lower 0.13% in early trade on June 28, 2017. Japan’s Nikkei slumped 0.29%. The U.S. Dow Jones Industrial Average finished 0.46% lower on June 27, 2017.
