Nifty IT index declines 1.39 percent led by fall in TCS, Infosys Tech Mahindra, while Nifty PSU Bank index advances 1 percent with Union Bank, Canara Bank and Bank of India.
NSE sectorally, the Nifty Metal index, the top loser of the day, ended 2.83 percent lower at 3299.2 today, weighed by Hindalco Industries, Jindal Steel & Power and Tata Steel. Conversely, Nifty IT index slipped with constituents Wipro, Infibeam and Tech Mahindra.
On the other hand, Nifty PSU Bank index rose for the second straight day, ending 2.47 percent higher at 2,846.95 led by Union Bank of India and Canara Bank which rose up 8.61 percent and 7.81 percent respectively.
As the top gainers on the NSE, Indiabulls Housing made stellar performance by rising 12.49 percent quoting its share price at Rs. 769.35 apiece, followed by ICICI Bank, SBI, Adani Ports and Dr. Reddy’s. IndusInd Bank, Eicher Motors and Kotak Bank, were top losers of the day.
NSE Indices Limited, a group company of National Stock Exchange, has announced a new index, namely Nifty 500 Value 50, a smart beta index.