Post Session- Sensex ends lower on profit booking; HDFC, RIL down
Taking some breathe after strong performance in last three trading session, the Indian benchmark indices closed lower on Wednesday on profit-taking by funds and retail investors. The BSE Sensex had breached 24K level and NSE Nifty crossed 7100 level in last trading session after exit polls showed the Bharatiya Janata Party (BJP) and its allies winning a majority in the elections. Markets are hoping that the BJP party, which is considered more growth and investor friendly, may come into power, lifting the outlook for Asia’s third biggest economy. Election results will be declared on May 16.
Most Asian stocks, except Hang Seng, ended lower today as investors booked profit after strong gains in the last two trading session. Hong Kong stocks closed higher after China's central bank called for more mortgage lending by banks. On the flip side, Japan’s Nikkei ended lower on profit-taking. Lower-than-expected performance by JGC Corp further dented market sentiments.
The BSE SENSEX closed at 23815.12 down by 56.11 points or by 0.24 per cent and the NSE Nifty ended flat at 7108.75. During the day’s trading, the BSE Sensex touched intraday high of 23964.67 and intraday low of 23753.36, while the NSE Nifty touched intraday high of 7142.25 and intraday low of 7080.9.
Meanwhile, the BSE MIDCAP closed at 7704.1 up by 85.48 points or by 1.12 per cent, while the BSE SMLCAP was at 7859.03 up by 96.11 points or by 1.24 per cent.
On the Sectoral front, oil&gas and consumer goods declined 0.78 per cent and 0.36 per cent, respectively.
The Market breadth, indicating the overall health of the market, was strong. On BSE out of total shares traded 3147, shares advanced were 1749 while 1251 shares declined and 147 were unchanged.
The top losers of the BSE Sensex pack were Dr. Reddy's Laboratories Ltd. (Rs. 2519.00,-3.51%), Mahindra & Mahindra Ltd. (Rs. 1089.70,-2.91%), Housing Development Finance Corporation Ltd. (Rs. 888.30,-2.01%), HDFC Bank Ltd. (Rs. 775.25,-1.52%), Reliance Industries Ltd. (Rs. 1045.55,-1.49%), among others.
Taking some breathe after strong performance in last three trading session, the Indian benchmark indices closed lower on Wednesday on profit-taking by funds and retail investors. The BSE Sensex had breached 24K level and NSE Nifty crossed 7100 level in last trading session after exit polls showed the Bharatiya Janata Party (BJP) and its allies winning a majority in the elections. Markets are hoping that the BJP party, which is considered more growth and investor friendly, may come into power, lifting the outlook for Asia’s third biggest economy. Election results will be declared on May 16.
Most Asian stocks, except Hang Seng, ended lower today as investors booked profit after strong gains in the last two trading session. Hong Kong stocks closed higher after China's central bank called for more mortgage lending by banks. On the flip side, Japan’s Nikkei ended lower on profit-taking. Lower-than-expected performance by JGC Corp further dented market sentiments.
The BSE SENSEX closed at 23815.12 down by 56.11 points or by 0.24 per cent and the NSE Nifty ended flat at 7108.75. During the day’s trading, the BSE Sensex touched intraday high of 23964.67 and intraday low of 23753.36, while the NSE Nifty touched intraday high of 7142.25 and intraday low of 7080.9.
Meanwhile, the BSE MIDCAP closed at 7704.1 up by 85.48 points or by 1.12 per cent, while the BSE SMLCAP was at 7859.03 up by 96.11 points or by 1.24 per cent.
On the Sectoral front, oil&gas and consumer goods declined 0.78 per cent and 0.36 per cent, respectively.
The Market breadth, indicating the overall health of the market, was strong. On BSE out of total shares traded 3147, shares advanced were 1749 while 1251 shares declined and 147 were unchanged.
The top losers of the BSE Sensex pack were Dr. Reddy's Laboratories Ltd. (Rs. 2519.00,-3.51%), Mahindra & Mahindra Ltd. (Rs. 1089.70,-2.91%), Housing Development Finance Corporation Ltd. (Rs. 888.30,-2.01%), HDFC Bank Ltd. (Rs. 775.25,-1.52%), Reliance Industries Ltd. (Rs. 1045.55,-1.49%), among others.
