Frontline indices ended lower on Wednesday with the Nifty closing below 11,500 led
down by metal, auto and PSU Bank stocks.
close, the Sensex stood at 38,557 down by 173-pts, while Nifty50 index slipped
57-pts to end at 11,499. In broader markets, the Nifty Midcap index slumped 1% and
Smallcap fell 0.7% each.
the Nifty50, leading set of gainers were YesBank, Coal India, SunPharma, ICICI
Bank and Kotak Mahidnra Bank, whereas losses led by BajajFinance, Indiabulls-HF,
BajajFinserv and Tata Steel.
sector stocks, the Nifty Realty declined the most, down 1.57% at 275.55 level. Also,
the Nifty Metal slumped 1.13% and the Nifty Auto &PSU Bank declined 1.8%
each. The Nifty IT and FMCG indices also slipped 0.56% each. The Nifty Financial
Services, Pvt Bank and Nifty Bank indices were also in the red.
key stocks, shares in TCS were also down 1.31% at Rs.2,105.30 per share after company
reported muted quarterly margins.
Bajaj Finance shares slumped 5.11 as Morgan Stanley said it sees 18% downside from current levels in spite of strong loan growth in first quarter, while Tata Motors shares declined 2.50% after JLR reported fall in June sales.
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