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Sensex Falls 773 Points, Nifty Ends Below 17,400

Benchmark indices snapped three-day gaining momentum and ended lower on February 11 with Nifty below 17,400.

At close, the Sensex was down 773.11 points or 1.31% at 58,152.92, and the Nifty was down 231 points or 1.31% at 17,374.80. About 896 shares have advanced, 2318 shares declined, and 105 shares are unchanged.

Grasim Industries, Tech Mahindra, Infosys, HCL Technologies and UPL were the top Nifty losers, while gainers were IOC, IndusInd Bank, NTPC, Tata Steel and ITC.

All the sectoral indices ended in the red with IT and realty indices down 2 percent each. BSE Midcap and Smallcap indices fell nearly 2 percent each.

Power Finance Corporation has posted 2 percent jump in its standalone net profit at Rs 2,380 crore versus Rs 2,333 crore and revenue was down 4.5% at Rs 9,626 crore versus Rs 1,884 crore, YoY.

Gross NPA was at 6.06% versus 5.67% and net NPA at 2% versus 1.92%, QoQ.

Power Finance Corporation was quoting at Rs 120.85, down Rs 2.15, or 1.75 percent.


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