Sensex extends gains, up 86 pts on bargain hunting

The Sensex lost 546.03 points or 1.82% and the Nifty fell 123.10 points or 1.33% from record highs touched in April itself

Sensex extends gains, up 86 pts on bargain hunting

Broader markets were better-off, with the small-cap and mid-cap gaining more than the benchmark.

After reaching the day's low of 29,363.28, the Sensex recovered partially before settling down 47.79 points, or 0.16 per cent, at 29,413.66 - its lowest closing since March 27. Heavy selling pressure was witnessed in metal, automobile and healthcare stocks.

In terms of investments, provisional data with the exchanges showed that the FIIs sold scrip worth Rs 930.67 crore, while the domestic institutional investors (DIIs) off-loaded scrip worth Rs 878.08 crore. Wipro too rose 0.36 per cent to Rs 500.

China's Shanghai Composite index was quoting in red, down by 0.16 per cent.

Shares of the country's largest software exporter TCS today rose 1.27% to Rs 2,338 after the company yesterday reported a 4.2% growth in net profit at Rs 6,608 crore for the quarter ended March 2017. The market finally ended in green after declining for five consecutive days.

Mumbai: The 30-scrip Sensitive Index (Sensex) on Tuesday opened on a higher note during the morning session of the trade.

Minutes into trading, it was quoting at 29,369.55 points, up by 32.98 points, or 0.11 per cent.

On the other hand, ICICI Bank (2.06%), Axis Bank (1.58%), Tata Power Company (0.88%), NTPC (0.43%), Asian Paints (0.33%), and Coal India (0.30%) were the biggest losers in the Sensex. Hong Kong's Hang Seng lost 0.4% while Japan's Nikkei 225 index ended up 0.1%.

The S&P 500 and Dow closed lower and the Nasdaq advanced on Wednesday as investors digested the latest round of earnings, while a drop in oil prices weighed on the energy sector.

Among BSE sectoral and industry indices, realty rose 2.14 per cent, consumer durables 1.23 per cent, IT 0.99 per cent, teck 0.96 per cent, industrials 0.85 per cent, auto 0.70 per cent, capital goods 0.69 per cent and FMCG 0.55 per cent.

The BSE market breadth was bearish - with 1,771 declines and 1,112 advances.

The total turnover on BSE amounted to Rs 4,028.59 crore, higher than Rs 3,364.37 crore registered during the previous session.

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