Sensex headed for first fall in five weeks; Nifty Bank at record high

Equity benchmarks are headed for first weekly fall in five due to profit booking after UK elections results indicated possibility of hung parliament.

Infosys and ITC continued to keep the market in negative terrain while selling in HDFC Bank, Reliance Industries and auto stocks capped gains.

The 30-share BSE Sensex was down 23.65 points at 31,189.71 and the 50-share NSE Nifty fell 6.70 points to 9,640.55.

Nifty Bank hit a record high at 23,679.65 despite subdued market conditions, up half a percent.

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Posted in: Indian Market Tips