Markets

News Details

( 15 May 2018)
Post Session: Sensex, Nifty end tad lower in volatile trade on Karnataka Election outcome

The Indian equities ended marginally lower in highly volatile trade on Tuesday after media report suggested that Congress party would form an alliance with the Janata Dal (Secular) party to form government in the Karnataka Assembly elections. Early today, the BSE Sensex surged 437 points in intra-day after results showed that BJP emerged as single largest party in terms of number of seats in the Assembly elections in the State.

The 30-share benchmark index closed trade at 35543.94, down by 12.77 points or by 0.04 per cent, and the NSE Nifty was at 10801.85, down by 4.75 points or by 0.04 points per cent.

In the day’s trade so far, the BSE Sensex touched intraday high of 35993.53 and intraday low of 35497.92 while the NSE Nifty touched intraday high of 10929.2 and intraday low of 10781.4.

The top losers of the BSE Sensex pack were Tata Motors Ltd. (Rs. 310.25,-4.29%), Tata Motors Ltd. (Rs. 182.75,-4.27%), Coal India Ltd. (Rs. 264.00,-2.11%), State Bank of India (Rs. 248.60,-1.87%), Sun Pharmaceutical Industries Ltd. (Rs. 468.25,-1.22%), among others.

On the flip side, Tata Steel Ltd. (Rs. 624.05,+2.29%), Power Grid Corporation of India Ltd. (Rs. 213.80,+2.27%), Tata Consultancy Services Ltd. (Rs. 3482.45,+1.33%), Asian Paints Ltd. (Rs. 1310.00,+0.89%), HDFC Bank Ltd. (Rs. 2038.35,+0.85%), were among top losers on BSE.

On the sectoral front, realty and PSU stocks emerged as top losers on BSE, falling as much as 1.9 per cent and 0.76 per cent, respectively.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2926, shares advanced were 1093 while 1678 shares declined and 155 were unchanged.