Sensex, Nifty Fall Sharply As Crude Nears $90; TCS, IT Stocks Under Pressure

I dia
equities
emai ed
fi mly
i
the
ed
o
Wed esday,
August
12,
as
isi g
c ude
oil
p ices
a d
cautio
ahead
of
key
i flatio
data
kept
buye s
o
the
sideli es.
At
a ou d
11:03
AM
IST,
the
Se sex
was
dow
557.50
poi ts,
o
0.71
pe
ce t,
at
77,596.75,
while
the
Nifty
50
slipped
172
poi ts,
o
0.70
pe
ce t,
to
24,299.70.
Ma ket
b eadth
was
also
egative,
with
1,593
sha es
adva ci g
agai st
2,019
decli i g.
B oade
ma kets
showed
compa atively
smalle
losses.

The
Nifty
Midcap
150
was
dow
a ou d
0.28
pe
ce t
at
23,393,
while
the
Nifty
Smallcap
100
slipped
0.21
pe
ce t
to
19,814.60.
Ba ki g
stocks
offe ed
some
suppo t,
with
the
Nifty
Ba k
t adi g
a ou d
57,576,
up
0.23
pe
ce t.
Secto al
actio
emai ed
sha ply
divided.
Nifty
PSU
Ba k
was
the
sta dout
pe fo me ,
gai i g
1.73
pe
ce t,
while
Nifty
Metal
adva ced
0.37
pe
ce t.

Buyi g
i
public
secto
le de s
i cludi g
Pu jab
Natio al
Ba k,
U io
Ba k,
Ba k
of
Ba oda
a d
Ca a a
Ba k
suppo ted
the
PSU
ba ki g
i dex.
Metals
be efited
f om
st e gth
i
global
alumi ium
p ices
amid
co ce s
ove
Gulf
supply
a d
lowe
i ve to ies.
O
the
losi g
side,
Nifty
IT
fell
1.99
pe
ce t,
maki g
it
the
wo st-pe fo mi g
majo
secto .
Nifty
Co sume
Du ables
decli ed
1.15
pe
ce t,
while
Nifty
FMCG
slipped
1.02
pe
ce t
a d
Nifty
Realty
lost
0.92
pe
ce t.

Also
Read
:

N
Cha d aseka a
Resig s:
Tata
G oup
Stocks
Fall,
TCS
Dow
Nea ly
4%

TCS
a d
othe
tech ology
stocks
emai ed
u de
p essu e,
while
the
sha p
fall
i
God ej
Co sume
P oducts
weighed
heavily
o
FMCG
se time t.
Stock-specific
actio
emai ed
st o g
despite
the
weak
be chma ks.
TD
Powe
Systems
su ged
as
much
as
16
pe
ce t
afte
its
Q1
p ofit
jumped
72
pe
ce t
yea -o -yea
to
Rs
86
c o e.
God ej
Co sume
P oducts
plu ged
a ou d
10
pe
ce t
afte
MD
a d
CEO
Sudhi
Sitapati
esig ed
with
immediate
effect.

Natio al
Alumi ium
Compa y
gai ed
mo e
tha
7
pe
ce t
as
alumi ium
p ices
st e gthe ed
globally,
while
Bata
I dia
ose
a ou d
3.5
pe
ce t
afte
epo ti g
a
23
pe
ce t
yea -o -yea
i c ease
i
qua te ly
p ofit.
I stitutio al
flows
we e
mildly
suppo tive
i
the
p evious
sessio .
FIIs
we e
et
buye s
of
Rs
258.55
c o e
o
August
11,
while
DIIs
bought
equities
wo th
a
et
Rs
24.77
c o e.
August
12
i stitutio al
cash-ma ket
figu es
will
be
available
o ly
afte
the
sessio
e ds.

Global
cues
emai ed
mixed.
Ove ight,
the
S&P
500
a d
Dow
Jo es
fell
a ou d
0.3
pe
ce t
each,
while
the
Nasdaq
decli ed
0.6
pe
ce t.
I
Asia,
Japa ‘s
Topix
gai ed
0.7
pe
ce t
a d
Sha ghai
ose
0.3
pe
ce t,
while
Ho g
Ko g’s
Ha g
Se g
d opped
1.2
pe
ce t.

The
bigge
co ce
fo
I dia
emai ed
B e t
c ude
ea
USD
90
pe
ba el,
which
evived
wo ies
a ou d
i flatio ,
the
upee
a d
co po ate
i put
costs.
Fo
the
est
of
the
sessio ,
the
Nifty’s
24,200
to
24,300
zo e
emai s
impo ta t
suppo t,
with
24,000
eme gi g
as
the
ext
key
level
if
selli g
i te sifies.

Also
Read
:& bsp;N
Cha d aseka a
Resig s
As
Tata
So s
Chai ma
Ahead
Of
August
18
AGM

O
the
upside,
24,500
is
the
immediate
hu dle.
T ade s
will
also
t ack
I dia’s
i flatio
data
afte
ma ket
hou s
a d
the
US
CPI
eadi g
late
i
the
day
fo
f esh
di ectio
o
i te est
ates
a d
global
isk
se time t.
This
emai s
a
Ma ket
comme ta y
based
o
p evaili g
ma ket
data
a d
developme ts,
athe
tha
a
ecomme datio
to
t ade.& bsp;

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