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Sensex slips 316 pts, Nifty ends below 15,650 amid profit booking


Equity indices ended a volatile session with steep losses on Wednesday, led by weakness in banks and auto shares. The Nifty hit a record high of 15,800.45 in early afternoon trade. However, a sharp round of selling in afternoon trade dragged the benchmarks lower. All the sectoral indices on the NSE were in the red.
As per the provisional closing data, the barometer index, the S&P BSE Sensex, slipped 315.96 points or 0.6% at 51,959.34. The Nifty 50 index lost 99.4 points or 0.63% at 15,640.40.
Selling was broad based. The S&P BSE Mid-Cap index skid 0.55% while the S&P BSE Small-Cap index declined 0.76%.
The market breadth was negative. On the BSE, 1,465 shares rose and 1,722 shares fell. A total of 153 shares were unchanged. ....

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Shares correct on negative global cues; Nifty slips below 15,650


Equity indices ended a volatile session with steep losses on Wednesday, led by weakness in banks and auto shares. The Nifty hit a record high of 15,800.45 in early afternoon trade. However, a sharp round of profit selling in afternoon trade dragged the benchmarks lower. All the sectoral indices on the NSE ended in the red. Negative global stocks triggered profit selling in domestic shares.
The barometer index, the S&P BSE Sensex, slipped 333.93 points or 0.64% at 51,941.64. The Nifty 50 index lost 104.75 points or 0.67% at 15,635.35.
Reliance Industries (down 1.8%), Larsen & Toubro (down 1.8%), ICICI Bank (down 1%), Bajaj Finserv (down 1.46%) and Bajaj Finance (down 1.43%) were major drags. ....

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