Wednesday 9 August 2017

Nifty struggles below 10,000, Midcap falls too; banks drag again

Epic Update ICICI Bank
Benchmark indices remained under pressure amid consolidation, tracking weakness in global peers due to geopolitical tensions.

The 30-share BSE Sensex was down 60.45 points at 31,953.74 and the 50-share NSE Nifty fell 13.05 points to 9,965.50. The broader markets, too, were down 0.3 percent on weak breadth.

About two shares declined for every share rising on the BSE.

Banks fell for the second day in a row, with the Nifty Bank down 0.6 percent. ICICI Bank, HDFC Bank, Axis Bank, Kotak Mahindra Bank, IDFC Bank and Bank of Baroda were down between 0.5 percent and 1 percent.

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