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Sensex Ends Sharply Lower; ONGC Surges 4%


Benchmark indices fell in trade, as global cues remained weak. In Asia markets ended the day lower after a blast in North Korea, confirmed worst suspicions that the country had conducted its 5th Nuclear explosion.


Sensex Ends Sharply Lower; ONGC Surges 4%
The Sensex ended the day sharply lower by 272 points, as investors booked profits at higher levels. The index ended the day below the 29,000 points, while the Nifty ended lower by 87 points. Leading the set of losers in trade was Metal stock Hindalco, which fell as much as three per cent in trade.

Heavyweights ITC, dropped as much as 2.5 per cent in trade and was responsible for dragging the indices lower. Shares in ONGC gained ground after crude prices rallied in trade.

Axis Bank saw, which saw a spectacular rally on Thursday, witnessed selling pressure and was among the top losers in trade.

Yes Bank, fell as much as 4 per cent, after the Bank deferred its qualified institutional placement. "Due to Extreme Volatility during today's trading day because of misinterpretation of new QIP guidelines, YES BANK has been advised by its appointed Merchant Bankers to defer its proposed QIP," the company said in a filing to the BSE.

Zensar Technologies gained 4 per cent after the company signed a multi-million dollar deal with AVIS fleet in South Africa.

Meanwhile, the rupee was trading slightly weak at 66.67 to the US dollar.

Read more about: sensex nifty ongc
Story first published: Friday, September 9, 2016, 15:30 [IST]
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