file. , Photo Credit: Reuters
The benchmark equity indices ended lower on May 16 after two days of rally, dragged down by index majors HDFC twins and Reliance Industries.
Even after starting trading on a strong note, the 30-share BSE Sensex closed at 61,932.47, down 413.24 points or 0.66%. During the day, it fell 498.3 points, or 0.79%, to 61,847.41.
The NSE Nifty closed 112.35 points or 0.61% down at 18,286.50.
Among Sensex firms, HDFC, HDFC Bank, Mahindra & Mahindra, Kotak Mahindra Bank, Bharti Airtel, Tata Motors, Reliance Industries and Maruti were the biggest losers.
Bajaj Finance, State Bank of India, NTPC, Hindustan Unilever, Titan, Infosys, Bajaj Finserv, Wipro, Asian Paints and Tata Consultancy Services were the major gainers.
In Asia, markets in Seoul, Tokyo and Hong Kong ended in the green, while Shanghai closed lower.
European markets were mostly trading in the green. The US market closed with gains on Monday.
“The domestic benchmark’s climb towards record highs was hampered by selling pressure in heavyweights, though small- and mid-caps outperformed. As expected, the euro zone economy contracted 0.1 per cent QoQ in the January-March period. experienced a modest growth of 1.5%, following a stable previous quarter. In the US market, cautious trade prevailed as credit-limit talks took precedence,” said Vinod Nair, Head of Research, Geojit Financial Services.
Meanwhile, global oil benchmark Brent crude fell 0.65% to $74.82 per barrel.
Foreign institutional investors (FIIs) were buyers on Monday as they bought equities worth Rs 1,685.29 crore, according to exchange data.
The BSE benchmark had climbed 317.81 points, or 0.51%, to close at 62,345.71 on Monday. The broader NSE Nifty ended 84.05 points or 0.46% higher at 18,398.85.