INSUBCONTINENT EXCLUSIVE:
The Sensex ended 118 points or 0.3 per cent lower at 39,714.SP BSE Sensex and NSE Nifty 50 Indexes ended lower after surging close to record
high levels earlier in the day
Investors booked profits in today's session ahead of release of GDP data for last quarter of financial year 2018-19 due after market hours
Earlier in the day, the Sensex rose as much as 290 points and Nifty moved above 12,000
However, benchmarks nosedived in the noon deals as banking shares came under a sharp selling pressure and the gauge of banking shares on
National Stock Exchange - Nifty Bank Index dropped as much as 1,161 from record high of 31,783.60 tested in morning deals.The Sensex ended
118 points or 0.3 per cent lower at 39,714 and the NSE Nifty 50 Index dropped 23 points or 0.19 per cent to close at 11,923.Selling pressure
in bluechip stocks like HDFC Bank, Kotak Mahindra Bank, ICICI Bank, ITC, Mahindra and Mahindra Yes Bank and Power Grid weighed on the
benchmarks.Thirteen of 19 sector gauges compiled by BSE ended lower led by the SP BSE Power Index's 1.3 per cent decline
SP BSE Basic Materials, FMCG, Utilities, Auto, Bankex and Metal Indexes also fell between 0.5-1 per cent each.On the flipside, SP BSE IT
Index was top gainer, up 1.2 per cent.Mid- and small-cap shares ended on a mixed note as the SP BSE MidCap Index rose 0.2 per cent while the
SP BSE SmallCap Index fell 0.65 per cent.Yes Bank was top loser in the Nifty 50 basket of shares, the stock fell 5 per cent to close at Rs
ITC, Grasim Industries, Zee Entertainment, Vedanta, Mahindra Mahindra, JSW Steel and NTPC were also among the losers.On the other hand,
Tech Mahindra, TCS, Asian Paints, Indian Oil, Britannia Industries and Adani Ports were among the gainers.
