Sensex Opens Lower, Nifty Snaps 9500 On Profit Booking; Tata Steel Up 3% Post Q4 - Dollar Advisory & Financial Services

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Wednesday 17 May 2017

Sensex Opens Lower, Nifty Snaps 9500 On Profit Booking; Tata Steel Up 3% Post Q4

The 30-share Sensex was down 46.43 points at 30536.17, while the broader index Nifty was down 20.15 points at 9492.10. The market breadth was narrow as 436 shares advanced against a decline of 357 shares, while 62 shares were unchanged.

Midcaps, banks, auto and pharma indices on the Nifty were lower, while metals surged.

Tata Steel gained over 3 percent on the back of strong Q4 earnings, while TCS and ICICI Bank were the other top gainers. Meanwhile, ITC, Bharti Airtel, Zee Entertainment and Bosch lost the most.

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