INSUBCONTINENT EXCLUSIVE:
Today Sensex and Nifty gave up gains in last 30 minutes of trade after IT stocks extended decline.The SP BSE Sensex and NSE Nifty 50 Indexes
fell for a third straight session as information technology heavyweights like Tata Consultancy Services, Infosys and HCL Technologies came
For most part of the day, the Sensex and Nifty traded firmly higher but gave up gains in last 30 minutes of trade after IT stocks extended
decline and fast moving consumer goods shares like Hindustan Unilever came under selling pressure ahead of March quarter earnings
ITC, the country's largest cigarette maker also declined in trade
However, the losses were capped as banking shares witnessed buying interest
(: Jet Airways Stock Extends Losses To Fifth Day In A Row)The SP BSE Sensex ended 0.05 per cent or 18 points lower at 38,963 and the NSE
Nifty 50 Index dropped 0.11 per cent or 13 points to settle at 11,712.Twelve of 19 sector gauges compiled by BSE ended higher
A gauge of IT shares was worst hit in today's trade as it fell nearly 2 per cent after the US-based Cognizant Technology Solutions Corp on
Thursday nearly halved its 2019 revenue expectations after missing first-quarter results, as the IT services and outsourcing company faces
sluggish demand in its financial and healthcare businesses.FMCG, healthcare and metal indexes also ended lower.On the flipside, SP BSE
Realty Index was top gainer, up 1.56 per cent
Telecom, finance and bankex indexes also closed with a positive bias.Mid- and small-cap shares witnessed a mild selling pressure as the SP
BSE MidCap and SP BSE SmallCap Indexes fell 0.1 and 0.3 per cent each respectively.Tata Consultancy Services was top Nifty loser, down 3.54
Britannia Industries, Tech Mahindra, Adani Ports, Hindustan Unilever, Zee Entertainment, HCL Technologies and Indian Oil were among the
losers.On the other hand, Indiabulls Housing Finance was top gainer in the Nifty 50 basket of shares, up 4.15 per cent at Rs 702
Bharti Airtel, NTPC, ICICI Bank, Yes Bank, Tata Motors, Bharti Infratel and ONGC were also among the gainers.The overall market breadth was
negative as 1,479 shares closed lower while 1,036 ended higher 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
Election results will be out on May 23.
