Market At Close | Sensex, Nifty50 near day’s lows
Here are some highlights:
–Nifty below 17,000 for first time in one month
–Banking stocks fail to hold on to gains
–IT basket remains weak amid Q4 earnings; Nifty IT down eight percent in 2 days
–FMCG falls sharply in last few minutes of trade; Tata Consumer top loser
–Reliance Industries rises four percent as Singapore GRM hits 5-year high
–Mindtree, L&T Infotech extend losses following report of merger, down 8-9 percent
–Chambal Fertilisers reverses Monday’s gain, down 10 percent
–Insurance stocks fall after March business updates; ICICI Prudential, HDFC Life down five percent
–Market breadth favours bears; advance-decline ratio at 2:5