Top gainers and losers in trade today: Hero Moto, ITC, IndusInd Bank; Check full list here
The Sensex and the Nifty, two domestic market benchmarks, extended their losses for a second straight session on May 17 amid weak global cues as investors remained cautious owing to the lack of progress on the US debt ceiling.
Although the domestic market’s long-term outlook is still positive, the US debt limit situation has acted as a short-term headwind for the market, preventing it from reaching an all-time high.
Sensex closed with a loss of 372 points, or 0.60 per cent, at 61,560.64 while the Nifty ended at 18,181.75, down 105 points, or 0.57 per cent.
Sensex is just 3 per cent away from its all-time high of 63583.07 which it hit on December 1, 2022.
Nifty 50
As many as 35 stocks ended in the red in the Nifty index against 15 gainers.
Nifty gainers
Hero MotoCorp Ltd (Up 1.34%), ITC Ltd (Up 0.97%), IndusInd Bank Ltd (Up 0.96%), UPL Ltd (Up 0.91%), and Bharti Airtel Ltd (Up 0.75%).
Nifty losers
Kotak Mahindra Bank Ltd (down 1.95%), Apollo Hospitals Enterprise Ltd (down 1.74%), , SBI Life Insurance Company Ltd (down 1.65%), Tata Consultancy Services Ltd (down 1.51), and HCL Technologies Ltd (1.35%).
As many as 35 stocks ended in the red in the Nifty index against 15 gainers.
S&P BSE SENSEX
As many as 23 stocks ended in the red in the Nifty index against 7 gainers.
Sensex gainers
Amber Enterprises India Ltd (Up 15.81%), Tanla Platforms Ltd (12.55%), Globus Spirits Ltd (10.26%), Gujuarat Mineral Development Corporation Ltd (8.69%), and CreditAccess Grameen Ltd (7.49%).
Sensex Losers
LIC Housing Finance Ltd (down 6.26%), Thirumalai Chemicals Ltd (down 5.63%), Jindal Steel & Power Ltd (down 5%), PVR Inox Ltd (down 4.72%), and KEC International Ltd (down 5.01%).
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