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Sensex, Nifty snap three-day record closing run ahead of F&O expiry

All that happened in the markets today

SI Reporter  | New Delhi 

EVENT HIGHLIGHTS

Firms
Benchmark indices ended Wednesday's trading session with losses ahead of the May series futures , thereby breaking the three-day streak when they closed at record high levels, ahead of expiry of May series F&O contracts. Bank, auto, and metal suffered the deepest cuts.

The benchmark S&P BSE index slipped 248 points, or 0.6 per cent, to settle at 39,502, with State Bank of India, Tata Motors, Tata Steel, ICICI Bank, and Maruti Suzuki being the top losers. Only nine out of the 30 BSE constituents ended the day in green.

The broader Nifty50 index gave up the 11,900-mark, and finished the day at 11,861 levels.

Among sectoral indices, only IT managed to stay in the green zone, with PSU Bank index, down 2.8 per cent, falling the most, followed by Nifty Metal, down 1.9 per cent.

In the broader market, the S&P BSE MidCap index slumped 126 points, or 0.8 per cent, to trade around 15,001 levels, while the S&P BSE SmallCap dipped 86 points, or 0.57 per cent, to end at 14,934.

BUZZING STOCKS

Logistics were in focus in early morning trade on the BSE on Wednesday on the back of heavy volumes amid expectations of earnings improvement. READ MORE

Adani Gas shares hit a new high of Rs 174 before ending the day 2.6 per cent higher at Rs 167.45 on the BSE on the back of strong numbers in March quarter (Q4FY19) results. In comparison, the S&P BSE was up 0.65 per cent during the same period. READ MORE

Jubilant Life Sciences shares continued to remain under pressure, hitting 33-month low of Rs 501.10, down 2.7 per cent on the BSE on Wednesday. The stock has fallen 19 per cent in the past nine trading days, after reporting weak March quarter earnings. The stock was quoting at its lowest level since August 29, 2016. READ MORE

(With inputs from Reuters)

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