Sensex lost 310 Pts, Nifty down 102 Pts, Adani ports up 7.45%

Market update- Indian stock market closed RED signal, as the equity benchmarks today biggest intraday losses in percentage terms since June 24. 

The 30-share BSE Sensex closed decline 310.28 points or 1.10 percent at 27774.88, it was touched a high of 28,143.28 and touch a low of 27,736.62. 

The 50-share NSE Nifty index lost 102.95 points or 1.19 percent at 8575.30, it was touched a high of 8,690.10 and touch a low of 8,564.60. 

The BSE Smallcap and BSE Midcap indices were down more than a percent as about 1893 shares declined against 840 advancing share on the Bombay Stock Exchange. 

Market expert believe that the profit booking is warranted as the market already priced in Major events like as GST bills, Monsoon, RBI policy, delay in FED rate hike etc by rallying more than 22 percent since March 1. 

Nifty Top Gainers- Adani ports 7.45%, Bank of baroda 1.01%, TCS 0.97%, HCL Tech 0.88%, ZEEL 0.70%, Yes bank 0.41%, Coal India 0.18%. 

Nifty Top Losers- Grasim 7.28%, ACC 4.39%, IDEA 4.27%, Ambuja Cements 4.07%, Lupin 3.96%, Hero motocorp 2.90%, Reliance 2.77%, Indusindbk 2.63%, BHEL 2.51%, ICICI bank 2.49%.

Posted in: Indian Market Tips