Sensex, Nifty fall on selling pressure in banking and metals

Business

oi-Sunil

By Sunil Fernandes

Published: Thursday, September 4, 2014, 10:08 [IST]

The Sensex and the Nifty were trading lower led by losses in banking and metal stocks. The Sensex was trading lower by 40 points, while the Nifty dropped 20 points in early trade.

Good buying was observed in healthcare and fast moving consumer goods (FMCG) sectors, while selling pressure was seen in capital goods and auto sectors.

The Sensex touched a high of 27,169.12 points and a low of 27,101.51 points in the trade so far.

The S&P BSE healthcare index gained 56.45 points and FMCG index got augmented by 30.57 points. However, capital goods index slipped by 86.28 points and auto index fell by 53.67 points.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) also trading flat at 11.10 points or 0.14 percent down at 8,103.50 points.

PSU banking shares were amongst the biggest losers in trade with stocks like Andhra Bank, Bank of Baroda and Allahabad Bank among the losers.

Meanwhile, markets in Asia were trading mixed with the Shanghai Composite up in early trade, while the Hang Sang declined. For top gainers and losers on the Sensex click here

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