INSUBCONTINENT EXCLUSIVE:
Reliance Industries, Bajaj Finserv, IndusInd Bank, Bajaj Finance and SBI lost over a per cent eachThe benchmark indices ended the day with
losses of a little over half a per cent, amid heightened volatililty, due to profit-booking at higher levels
The BSE Sensex ended at 51,941.64, lower by 333.93 points or 0.64 per cent and the NSE Nifty settled at 15,635.35, down 104.75 points or
In the broader markets, the S-P BSE MidCap and SmallCap indices ended with cuts of 0.7 per cent andd 0.9 per cent respectively.The markets
had started with mild gains and moved in a narrow range throughout the morning
However, the advent of profit-booking dragged the markets lower in the afternoon session.On the stock-specific front, Reliance Industries
shed 1.6 per cent to Rs 2179 to top the loser's list on the BSE
Financial stocks also had a weak session, with Bajaj Finserv, IndusInd Bank, Bajaj Finance, Axis Bank and SBI losing around a per cent each
on the BSE.On the other hand, NTPC, PowerGrid, Titan and Asian Paints bucked the weakness to gain up to 4 per cent each on the BSE.Among
stocks in the news, Vedanta lost 1.2 per cent to Rs 265.55 on the BSE a day after the Mumbai bench of the National Company Law Tribunal
shed 1.6 per cent to Rs 997.45 on the BSE after the company reported a net profit of Rs 70 crore in the January-March quarter from Rs 6.7
crore in the year-ago period on the back of higher investment income and lower tax expenses.The BSE market breadth was weak
Out of 3,340 stocks traded on the BSE, there were 1,735 declining stocks as against are 1,452 advances.
