Stock Market Highlights: The benchmark indices reversed gains in latter half of the day amid unabated selling pressure in select index heavyweights like – Reliance Industries, HDFC twins, Bharti Airtel and FMCG stocks. In the process, the Sensex and Nifty ended lower for the fifth straight trading session.
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Stock Market Highlights: The benchmark indices reversed gains in latter half of the day amid unabated selling pressure in select index heavyweights like – Reliance Industries, HDFC twins, Bharti Airtel and FMCG stocks. In the process, the Sensex and Nifty ended lower for the fifth straight trading session.
The S&P BSE Sensex, which, jumped to a high of 58,474 tracking positive overseas cues, wiped-out gains in the noon deals and tumbled to a low of 57,456 – down 1,018 points from the day’s high. The Sensex eventually ended with a loss of 344 points at 57,556. The BSE benchmark has plunged 2,792 points in the five days.
The Nifty 50 slumped to a low of 16,939 in late deals, and eventually settled 71 points lower at 16,972.
Among the Nifty 50 stocks, Bharti Airtel and IndusInd Bank slipped nearly 2 per cent each. Reliance was down 1.7 per cent. SBI, Hindustan Unilever, HDFC Bank, Nestle,
Axis Bank and Britannia were down over a per cent each.
On the positive front, Adani Enterprises zoomed nearly 6 per cent, and Adani Ports was up 4 per cent. Asian Paints, Tata Steel, Titan, BPCL, PowerGrid Corporation, Larsen & Toubro and JSW Steel were the other prominent gainers.
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