Sensex Closes 229-pt Lower; Media, Banking stocks See Selling

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Equity benchmark tumbled in the final hour of session to close lower, weighed down by GDP growth factors and a gliding rupee, as investors waited for retail inflation data scheduled to relase later in the day.

The BSE benchmark Sensex closed in the red by 229-pts lower at 40,116, while the NSE’s Nifty50 index slipped 73-pts to wind up at 11,840-mark.

The entire sectoral gauges closed the day in the red. Significant selling pressure was observed in media, metal and banking sectors.

The Nifty Media index plummeted considerably by 4.53%, thereafter the Nifty PSU Bank which slipped 3.14%. Meanwhile, the Nifty Metal shed 2 .05% and the Nifty Realty lagged 1.8% percent.

The Nifty Bank and Nifty Private Bank also slipped 1.84% and 1.77% respectively.we provide best Stock Tips and Free stock Tips visit our website.

Among Nifty gainers, Britannia Industries, TCS, Reliance (RIL), Nestle India and Bajaj Finserv were the top gainers; conversely, Yes Bank, GAIL India, Zee Entertainment, Adani Ports and Grasim led the losses.

Britannia rose 4.85%, as the company reported a rise in its consolidated net profit for the Sept quarter, and emerged and was the top gainer on Nifty.

Sun TV Network shrunk 11.21% after the company’s profit was recorded flat in the Sept quarter.

Shares of Indian Railway Catering and Tourism Corp (IRCTC) which rallied nearly 4% intraday to its all-time high of Rs.980.90, finally slipped in the red, down by 1% to Rs.923.50 on the NSE. The Company is scheduled to report its result post market hours today.

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