Sensex snaps 6-day winning streak, Nifty settles at 8,129; FMCG, healthcare, realty plunge--- 8 Oct 2015

The BSE Sensex and NSE Nifty snapped six-day winning streak on Thursday on the back of profit booking and weak rupee. Sensex and Nifty gained 1,419 points and 381.70 points in the past six trading sessions till October 7.

The BSE Sensex and NSE Nifty snapped six-day winning streak on Thursday on the back of profit booking and weak rupee. Sensex slid 190.04 points at 26,845.81 while Nifty lost 48.05 points at 8,129.35.

In the 50-share index, UltraTech Cements, Adani Ports, Vedanta, Tata Steel and Asian Paints gained between 1.10 per cent and 2.30 per cent. On the other hand, GAIL,Reliance Industries, ITC, Kotak Mahindra Bank and YES Bank slid between 1.40 per cent and 2.85 per cent.                         

The BSE Sensex and NSE Nifty gained 1,419 points and 381.70 points in the past six trading sessions till October 7. On Thursday’s fall, Nikhil Kamath, director, trading and risk, Zerodha, said, “Market participants usually book profits when such a sharp move occurs in a short span of time, leading to a snap in the rally. The next big trigger for markets is Infosys Q2 results, which is expected on October 12. Hopefully, Infosys will continue to surprise the market and the positive sentiment will continue.” Infosys shares closed 0.01 per cent down at Rs 1,133.

Among the sectoral indices on the Bombay Stock Exchange, the BSE FMCG index dipped the most — 1.04 per cent, followed by BSE Healthcare (down 1 per cent) and BSE Oil & Gas index (down 0.85 per cent). The BSE Metal index and BSE Consumer Durables index gained 0.32 per cent and 0.24 per cent, respectively.

Overall market breadth for the day remained negative with 35 of the 50 Nifty stocks ending the day in red.

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