INSUBCONTINENT EXCLUSIVE:
NSE Nifty 50 indexes declined on Wednesday led by losses in HDFC, ITC, Larsen - Toubro, ICICI Bank and State Bank of India
The Sensex fell as much as 300 points and the Nifty 50 index slid below 10,950 during the session
The benchmark indexes fluctuated between gains and losses, and changed direction at least six times before giving in to the negative
territory, as broad-based selling pressure gripped the markets in noon deals.The Sensex ended 268 points or 0.7 per cent lower to close at
37,060 and the broader NSE Nifty 50 index dropped 98 points or 0.9 per cent to settle at 10,919.All the 11 sector gauges compiled by
sector gauges also fell between 1 and 2.9 per cent each.Mid- and small-cap shares underperformed their larger peers, with the Nifty Midcap
The stock dropped over 11 per cent to Rs 109.540, its lowest level in 17 years, after China's Geely Automobile Holdings said that its
profit fell 40 per cent amid a sustained downturn in the world's biggest auto market, leading to analysts and traders worrying about Tata
Motors China sales going ahead.Yes Bank plunged 8.6 per cent on top of yesterday's 7 per cent decline after news agency Bloomberg reported
that the bank owned a 13 per cent stake in CG Power and Industrial Solutions
CG Power and Industrial Solutions is the latest company after Reliance Capital, Fortis and Manpasand Beverages to report lapses in corporate
governance.Indiabulls Housing Finance, Grasim Industries, Tata Steel, GAIL, Coal India and UltraTech Cement were also among prominent
losers, finishing with losses of between 3 and 8 per cent.On the flipside, Hero MotoCorp, Maruti Suzuki, Infosys, Tech Mahindra, Eicher
Motors and Hindustan Unilever were among top gainers.Overall market breadth was extremely bearish as 1,341 shares closed lower while 441
shares ended higher on the NSE.Get Breaking news, live coverage, and Latest News from India and around the world on
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