Markets closed lower after three consecutive days of gains on Thursday, with
BSE Sensex ending 318-pts lower at 38,897, while the NSE Nifty50
index lost 91-pts to end at 11,597. The Nifty Midcap & Smallcap
index declined 1.7pc/ 1.1pc each.
HDFC, Zee Entertainment, Britannia and HDFC Bank were among top
Nifty50 gainers. On the flip side YesBank, ONGC, Coal India, Tata
Motors and Maruti Suzuki led the losses.
the Nifty Media & Nifty Financial Services, all the sectoral
gauges, witnessed sellling pressure.
Nifty PSU Bank gauge lost 3.18pc, and thereafter the Nifty Auto
which was slipped 2.74pc. Also, the Nifty Metal index slipped 2.46pc,
the Nifty Bank and Nifty Pvt Bank indices slumped more or less 1pc
each. The Nifty IT & Pharma also lost 1.13pc/ 1.29pc each.
Bank stock slipped 12.50pc after the bank reported a 91pc fall in Q1
major Mindtree slumped nearly 8pc after the company posted a 41pc
drop in Q1 profit.