Sensex falls over 100 points; Nifty trades at 10453

Eloise Marshall
April 16, 2018

The correction in the market was witnessed as traders reacted negatively to a report from the University of MI showing a bigger than expected drop in consumer sentiment in the month of April.

Infosys, Dewan Housing Finance Corporation, Tata Motors, TCS and Escorts were the top traded individual stock futures contracts in F&O segment of NSE.

According to government data, wholesale inflation eased marginally to 2.47 per cent in March on cheaper food articles, especially pulses and vegetables.

Indian stock market continued its unabated rise for an eighth consecutive session today in the longest winning run since November, with the Sensex gaining another 113 points as a slew of positive macro-economic data brought cheers amid sustained geopolitical concerns.

The Sensex touched a high of 34,341.46 points and a low of 33,899.34 points during the intra-day trade.

Tiger Shroff's 'Baaghi 2' inches closer to Rs 250-crore mark worldwide
After a 17-day run, its total collection stands at Rs 155.65 crore, which is remarkable, to say the least. According to trade analyst Taran Adarsh, the film collected Rs 243.37-crore by the end of its third week.

Infosys Ltd shares fell as much as 6% after the company lowered its operating margin outlook and its plan to sell Panaya and Skava.

The broader NSE index climbed 0.46 percent to 10,528.35, while the benchmark BSE index rose 0.33 percent to 34,305.43.

Tata Motors which closed 4.96% lower at 339 level was the top Sensex loser on reports that Britain's biggest carmaker Jaguar Land Rover will cut around 1,000 jobs and production at two of its English factories due to fall in sales caused by uncertainty around Brexit and confusion over diesel policy. The 50-share Nifty50 index closed the day 48 points, or 0.46 per cent up, at 10,528 with 34 stocks in the green.

Market breadth was negative with 628 advances against 849 declines.

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