INSUBCONTINENT EXCLUSIVE:
SP BSE Sensex and NSE Nifty 50 indexes erased intraday gains.SP BSE Sensex and NSE Nifty 50 indexes erased intraday gains and were on track
to extend losses to fifth day in a row led by declines in heavyweights like Reliance Industries, ICICI Bank, ITC, Asian Paints and Tata
Earlier in the day, Sensex and Nifty opened higher on the back of buying interest in Hindustan Unilever, HDFC, Infosys and Larsen Toubro
but erased gains in afternoon trading
If the benchmarks end lower in today's session then it will be its longest stretch of losses since February.As of 3:17 pm, the Sensex
traded 0.86 per cent or 332 points lower at 38,268 and the NSE Nifty 50 Index dropped 0.88 per cent or 102 points to 11,496.Sixteen of 19
sector gauges compiled by BSE were trading lower, led by the SP BSE Energy Index's 2.1 per cent fall
Telecom, bankex, oil gas, metal and realty indexes also fell between 1 and 1.5 per cent each.Zee Entertainment was top Nifty loser, down 5
Tata Motors, ICICI Bank, Bharat Petroleum, Reliance Industries, JSW Steel, Indian Oil and Grasim Industries were also among the losers.On
the flipside, Hindustan Unilever, Bharti Infratel, Larsen Toubro, Infosys and Hindalco were among the gainers.Get the latest election news,
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Election results will be out on May 23.
