Market Update:
After a positive opening and Sensex crossing 38k mark the indices closed lower on Wednesday dragged by IT and some auto stocks in the last hour of trading.
At closing, Sensex was trading lower by 58 points or 0.16% at 37871.52 and Nifty at 11143.65 down by 18 points or 0.17%.
Axis Bank, M&M finance among the top gainers of Nifty and Reliance (RIL) hitting the new 52-Week high post the announcement of postponing the result date.
Highlights for the day:
- The benchmark indices closed lower after showing positive figures at market opening and mid session on Wednesday.
- Axis Bank, M&M finance the top gainers of Nifty today.
- Axis Bank surged over 6% post Q1 results closing at 111 up by 1.1%.
- Major sectoral indices turn red erasing the gains on Wednesday.
- Hero Motocorp and HUL among the top losers of Nifty on Wednesday.
- Hero Motocorp dipped over 3% and HUL with the day’s low at Rs 2241.25.
- Nifty Bank closing at 22882.60. up by 100 points or 0.44%.
