An electronic screen displaying stock figures is reflected in the sunglasses of a man. (Photographer: Prashanth Vishwanathan/Bloomberg)

Sensex, Nifty Halt Two-Day Gains Dragged By Infosys, Reliance

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Closing Bell: Sensex, Nifty Snap Two-Day Rally

Indian equity benchmarks halted two-day rally dragged by Infosys and Reliance Industries.

The S&P BSE Sensex fell 0.2 percent or 71 points to 35,575 and the NSE Nifty 50 index declined 0.19 percent or 20 points to 10,750.

For most part of the day, the benchmarks fluctuated between gains and losses as profits in ITC and HDFC Bank were offset by losses in Infosys and Reliance Industries.

Fourteen out of 19 sector gauges compiled by BSE ended lower dragged by the S&P BSE Consumer Durables index's 2.8 percent drop. On the flipside, the S&P BSE FMCG index was the top gainer, up 1 percent.

The mid- and small-cap shares underperformed their larger peers as the S&P BSE MidCap index fell 0.7 percent and the S&P BSE SmallCap index slipped 0.4 percent.

NTPC Struggles Amid Block Deal

  • NTPC has 37.3 lakh shares change hands in a single block on the BSE. Stock down 0.6 percent at Rs 152.

Buyers and sellers were not immediately known

Source: Bloomberg

Power Grid Struggles Amid Block Deal

  • Power Grid has 19.9 lakh shares change hands in a block on BSE. Stock down 0.9 percent at Rs 181.45.

Buyers and sellers were not immediately known

Source: Bloomberg

Yes Bank, Info Edge Among Fab Four Stocks Of The Day

  • Future Lifestyle Fashions: The Mumbai-based apparel retail store operator rose as much as 5.26 percent to Rs 420.25 after it announced plan to acquire 29.9 percent stake in online fashion platform Koovs Plc. for about Rs 140 crore.
  • Shriram Transport Finance: The Mumbai-based truck finance company rebounded after yesterday's sharp fall and rose as much as 9 percent to Rs 1,250 after Deutsche Bank maintained ‘Buy’ rating for target price of Rs 1,700.
  • Yes Bank: The Mumbai-based private lender snapped its 3-day losing streak and rose as much as 4.5 percent to Rs 350.80 after SEBI gave its approval to launch mutual fund business.
  • Info Edge: The Noida-based website operator rose as much as 4.74 percent to Rs 1,218.80 after Kotak Securities raised it to 'buy' from 'reduce' target price of Rs 1,390.