Markets closing: Sensex ends 188 points lower; Nifty above 10600-mark

Steve Phelps
May 5, 2018

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Realty, capital goods, IT, teck, infrastructure, FMCG, consumer durables, oil and gas and auto suffered as participants pulled money off the table.

In the day's trade, the barometer 30-scrip sensitive index had touched a high of 35,357.15 points and a low of 35,072.42 points.

The index had gained 659.09 points in the previous three sessions on the back of widespread gains triggered by encouraging corporate earnings and strong auto sales data amid record GST collections.

On NSE, shares of the company went up by 3.77 per cent to close at Rs 1,256.85.

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Sacconaghi has a US$265 price target on the stock, while Spak sees the shares falling to US$280. Musk later called media stories questioning the safety of autonomy "outrageous".

Meanwhile, domestic institutional investors (DIIs) bought shares worth a net of Rs 261.98 crore, while foreign portfolio investors (FPIs) sold shares worth a net of Rs 385.47 crore on Monday, provisional data showed.

Market Closing: Benchmark indices closed lower following global weakness amid US-China trade talks, with the Nifty settling trade below 10,700 levels. "Back home, results and upcoming state election will give near term direction", said Vinod Nair, Head of Research, Geojit Financial Services.

The top losers were Wipro, down 1.94 per cent at Rs 270.15; Kotak Mahindra Bank, down 1.90 per cent at Rs 1,233.40; Asian Paints, down 1.74 per cent at Rs 1,200.50; Larsen and Toubro, down 1.52 per cent at Rs 1,380.25; and Hindustan Unilever, down 1.39 per cent at Rs 1,451.00 per share.

On the NSE, the top gainers were Sun Pharma, Bharti Infratel and Tata Steel.

Both indexes are set to end the week lower. The Shanghai Composite index was nearly flat at 3,081.18 and South Korea's Kospi gave up 0.4 percent to 2,505.61. Some other markets were closed for a four-day holiday weekend.

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