INSUBCONTINENT EXCLUSIVE:
In the Nifty 50 basket of shares, Tata Motors was top loser.The SP BSE Sensex and NSE Nifty 50 indexes came of record high levels and erased
gains led by declines in Infosys, State Bank of India, ICICI Bank, Tata Motors and IndusInd Bank
Earlier in the day, Sensex and Nifty extended their rally and soared to record highs led by gains in in Reliance Industries, HDFC and HDFC
Bank after exit polls predicted a win for the Bharatiya Janata Party-led National Democratic Alliance (NDA) in the recently concluded
133 points to 11,695.Fifteen of 19 sector gauges compiled by BSE were trading lower led by the SP BSE Auto Index's nearly 2 per cent
Utilities, metal, oil gas, power, IT, industrials and banking sector gauges were also down between 0.75 and 1.65 per cent each.On the other
hand, SP BSE Energy Index was top gainer, up 0.3 per cent.Selling pressure was broad-based as the mid- and small-cap shares were also
witnessing selling pressure
The SP BSE MidCap Index fell 0.7 per cent and SP BSE SmallCap Index dropped .5 per cent.In the Nifty 50 basket of shares, Tata Motors was
top loser, the stock fell 6.65 per cent to Rs 177.50 after its net profit in March quarter nearly halved to Rs 1,117 crore from Rs 2,125
crore, a year earlier.Bharat Petroleum, Zee Entertainment, Indian Oil, Adani Ports, GAIL India, Yes Bank, Tata Steel, State Bank of India
and IndusInd Bank were also among the losers.On the flipside, Bharti Infratel, Dr Reddy's Labs, Britannia Industries, Reliance Industries
and Titan were among the gainers.Election Results for Lok Sabha Election 2019 will be out on May 23
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