NSE Nifty broke below 8,000-mark by tumbling 84. Mood remained fragile because of uncertainty over Bihar Assembly election results and disappointing quarterly earnings by blue-chips..05 per cent Mumbai: Suspense surrounding the Bihar poll results took its toll on markets today as the benchmark BSE Sensex tracking a mixed closing in Asia plunged to over one-month low of 26,304.59 per cent. The gauge had lost 37.45 after shuttling between 8,031. Even the NSE Nifty came under pressure and settled below the 8,000-mark. BHEL, Bharti Airtel, GAIL, Cipla and Axis Bank too cut a sorry figure.20 after selling pressure accelerated towards the fag end -- its weakest closing since October 1.75 points, or 1. Market players remained glued to the developments in Bihar elections, which markets believe may be a catalyst to the investment mood of FPIs and FIIs in the near term," said Hiren Dhakan, Associate Fund manager, Bonanza Portfolio Ltd.72 points, or 0. As many as 23 Sensex stocks fell.75 points, or 1.67 points in yesterday's choppy session. The 50-share NSE Nifty broke below the psychological 8,000-mark by tumbling 84.28 per cent after its US-listed arm Taro Pharma reported disappointing earnings.94 per cent, at 26,304. Sector-wise, BSE realty index fell the most by dropping 2. Coal India, NTPC, Hero MotoCorp, ITC, M&M and Maruti Suzuki scooped up gains though.

There was bad news from the rupee, which at 65.05 per cent, to close at 7,955.74 lost ground against the dollar on sustained capital outflows, which added to the fear factor.66 per cent while Sun Pharma dived 4.63 per cent, followed by healthcare, banking, technology and IT.20 and 7,944.20 as sell-off pressure gauge manufacture intensified. Vedanta Ltd was the biggest percentage loser as it plunged 4.10. According to provisional data, FPIs bought shares worth Rs 33.16 crore yesterday. "Nifty remained volatile, in a bearish mood throughout the day's trading session.33 per cent ahead of its quarterly earnings later in the day. The BSE Sensex after opening a shade higher quickly turned negative and finally settled the day lower 248. Also, investors refused to play ball as they digested US Fed Chair Janet Yellen's announcement on Wednesday that a December rate hike is very much on the table as the economy has performed well. In line with the overall trend, small-cap and mid-cap indices also ended in the red with losses of up to 1. Tata Steel tumbled 4. Exit polls are due later in the day and results are salted for Sunday

Hide Comments | Add Comment