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NSE Nifty falls below 10,000 mark on Tuesday, market closes lower too

| | Aug 08, 2017, at 10:45 pm
Mumbai, Aug 8 (IBNS): NSE Nifty dropped from its record 10,000 mark on Tuesday, and the overall market ended lower too, according to media reports.

BSE Sensex was down 259.48 points at 32014.19 while NSE Nifty was down 78.85 points at 9978.55.

According to media reports, weak global cues and profit booking after the Securities and Exchange Board of India (SEBI) released names of 331 suspected shell companies (as identified by corporate affairs ministry) had negative effect on the market.

Key names in the SEBI list included  Gallantt Ispat, J Kumar Infra, Pincon Spirit, Parsvnath Developers, Prakash Industries, Rohit Ferro, REI Agro and Assam Company, etc.

Top gainers on Tuesday included Tata Steel, Vedanta, Hindalco, Cipla, Bajaj Auto, Bharti Airtel, GAIL and HUL while Dr Reddy's Labs, BPCL, BHEL, Bharti Infratel, Coal India, SBI and ITC declined.

 

Image: Wikimedia Commons

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