Market indices closed lower on profit booking

By   September 9, 2016

miscall alertMarket indices closed lower on profit booking in late trades to losing streak aided by rebound in FMCG majors and select index heavyweights. The Sensex ended down -248.03 points at 28797.25 and the Nifty50 ended down -85.80 points at 8,866.70. In the broader markets, BSE Midcap ended down 0.99% while the Small cap index ended 0.47 down. Market breadth ended positive with 1155 gainers and 1598 losers on the BSE. FMCG majors ITC and HINDUNILVR which faced selling pressure in the previous sessions post their first quarter earnings recovered on renewed buying interest at lower levels. IT ended lower 2.22% while Hindunilvr edged 2.21% lower.

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