Markets fall after two-day rally; HDFC twins, Reliance drag Sensex over 413 points lower
The Hindu
Among the Sensex firms, HDFC, HDFC Bank, Mahindra & Mahindra, Kotak Mahindra Bank, Bharti Airtel, Tata Motors, Reliance Industries and Maruti were the biggest laggards
Benchmark equity indices ended lower on May 16 after two days of rally, dragged down by index majors HDFC twins and Reliance Industries.
The 30-share BSE Sensex declined 413.24 points or 0.66% to settle at 61,932.47 even after beginning the trade on a firm note. During the day, it fell 498.3 points or 0.79% to 61,847.41.
The NSE Nifty went lower by 112.35 points or 0.61% to end at 18,286.50.
Among the Sensex firms, HDFC, HDFC Bank, Mahindra & Mahindra, Kotak Mahindra Bank, Bharti Airtel, Tata Motors, Reliance Industries and Maruti were the biggest laggards.
Bajaj Finance, State Bank of India, NTPC, Hindustan Unilever, Titan, Infosys, Bajaj Finserv, Wipro, Asian Paints and Tata Consultancy Services were among the major gainers.
In Asia, Seoul, Tokyo and Hong Kong markets ended in the green, while Shanghai settled lower.
European markets were trading mostly in the green. The US market had ended with gains on Monday.
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