INSUBCONTINENT EXCLUSIVE:
Thirteen of 19 sector gauges compiled by BSE were trading lower.The domestic equity benchmarks extended declines led by losses in HDFC, HDFC
Bank, Tata Consultancy Services, ITC and ICICI Bank
The SP BSE Sensex fell over 300 points to intraday low of 38,624.52 and the Nifty 50 Index dropped below psychologically important level of
On the sectoral front, selling pressure in banking, finance, information technology and telecom shares were seen exerting pressure on the
benchmarks.As of 2:21 pm, the Sensex traded 0.75 per cent or 290 points lower at 38,649 and the NSE Nifty 50 Index fell 0.64 per cent or 75
points to 11,597.Analysts say investors are booking profits after a recent rally which took benchmarks to record highs ahead of the start of
the earnings season which begins with Infosys and TCS March quarter results on Friday.Thirteen of 19 sector gauges compiled by BSE were
trading lower led by the SP BSE Finance Index's 1.05 per cent decline
Banking, Utilities, Metal, Information Technology and Basic Materials Indexes also fell between 0.6 and 0.9 per cent each.Mid- and small-cap
shares were outperforming their larger peers as the SP BSE MidCap Index fell 0.2 per cent while the SP BSE SmallCap Index was trading
flat.Hindalco was top loser in the Nifty 50 basket of shares, the stock fell 2.86 per cent to Rs 210.95
HDFC Bank, Vedanta, HDFC, TCS, UPL, Asian Paints, GAIL India and HCL Technologies were also among the losers.On the other hand, Tata Motors
was top gainer, the stock rose 5 per cent to Rs 216
Cipla, Wipro Indian Oil, Coal India, Hindustan Unilever, Sun Pharma and Adani Ports were also among the gainers.The overall market breadth
was negative as 1,322 shares were declining while 1,104 were advancing on the BSE.Get the latest election news, live updates and election
schedule for Lok Sabha Elections 2019 on TheIndianSubcontinent.com/elections
Like us on Facebook or follow us on Twitter and Instagram for updates from each of the 543 parliamentary seats for the 2019 Indian general
