Nifty struggles below 9400 amid consolidation; FMCG, banks dive

Nifty struggles below 9400 amid consolidation; FMCG, banks dive

Friday, May 12, 2017


Epic Update HDFC Bank
Benchmark indices continued to tread lower in noon, with the Nifty struggling below 9400 level due to consistent fall in private banking & financials and FMCG stocks.

The 30-share BSE Sensex was down 66.22 points at 30,184.76 and the 50-share NSE Nifty fell 32 points to 9,390.40.

The broader markets underperformed benchmarks, with the BSE Midcap and Smallcap indices falling half a percent each on weak breadth. About two shares declined for every share rising on the exchange.

Asian Paints remained top loser, down 3 percent followed by HDFC, ITC, Reliance Industries, ICICI Bank, Axis Bank and HDFC Bank.


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