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| Photo Credit: Reuters
Benchmark fairness indices ended lower on May 16 after two days of rally, dragged down by index majors HDFC twins and Reliance Industries.
The 30-share BSE Sensex declined 413.24 points or 0.66% to settle at 61,932.47 even after starting the commerce on a agency be aware. During the day, it fell 498.3 points or 0.79% to 61,847.41.
The NSE Nifty went lower by 112.35 points or 0.61% to finish at 18,286.50.
Among the Sensex corporations, HDFC, HDFC Bank, Mahindra & Mahindra, Kotak Mahindra Bank, Bharti Airtel, Tata Motors, Reliance Industries and Maruti had been the most important laggards.
Bajaj Finance, State Bank of India, NTPC, Hindustan Unilever, Titan, Infosys, Bajaj Finserv, Wipro, Asian Paints and Tata Consultancy Services had been among the many main gainers.
In Asia, Seoul, Tokyo and Hong Kong markets ended within the inexperienced, whereas Shanghai settled lower.
European markets had been buying and selling largely within the inexperienced. The US market had ended with features on Monday.
“The domestic benchmark’s ascent towards record high was interrupted by selling pressure in heavyweight stocks, although small and mid-cap stocks outperformed. As anticipated, the Euro zone economy experienced a modest growth of 0.1 per cent QoQ in the Jan-Mar period, following a stagnant previous quarter. In the US market, cautious trading prevailed as debt-ceiling negotiations took precedence,” stated Vinod Nair, Head of Research at Geojit Financial Services.
Meanwhile, international oil benchmark Brent crude declined 0.65% to $74.82 per barrel.
Foreign Institutional Investors (FIIs) had been patrons on Monday as they purchased equities price ₹1,685.29 crore, in accordance with alternate information.
The BSE benchmark had climbed 317.81 points or 0.51% to settle at 62,345.71 on Monday. The broader NSE Nifty gained 84.05 points or 0.46% to finish at 18,398.85.
