Weak Trade On D-Street Tata Steel Top Nifty Loser

In Wednesday’s trading session, Nifty opened in green but closed at 9203 levels down by 33 points or 0.36% while Sensex closed at 29643 levels down by 144 points or 0.49%.

There were 484 advances, 939 declines and 34 unchanged stocks on NSE reflecting fairly negative bias floating in the market.

Bosch Limited was the top Nifty gainer and Tata Steel was the top Nifty loser. Bosch Limited closed higher by 3.7% at Rs 23600 per share and Tata Steel Limited closed lower by 2.2% at Rs 477.5 per share.

The broader market indices shown weakness in the Wednesday’s trade. BSE Mid-cap index closed lower by 0.22% at 14346 level while BSE Small-cap index closed lower by 0.49% at 14852 level.

Delta Corp Limited suffered losses in the Wednesday’s trade owing to the news of possible merger of union territory Daman & Diu with the state of Gujarat as reported in a national business daily. Market analysts believe that Prime Minister Narendra Modi might take decision regarding the same when he visits the union territory on April 17. The stock closed at Rs 168.9 per share down by nearly 6.7%.

Goa carbon touched its fresh 52-week high of Rs 156.9 per share up by nearly 19% owing to the company’s staggering profit in Q4 March 2017 as per BSE filings.

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