Sensex Ends Over 200 Points Lower; Nifty Halts Four-Day Rally
Closing Bell: Sensex Ends Over 200 Points Lower; Nifty Halts Four-Day Rally
Indian equity benchmarks ended lower as investors assessed the rising tensions between India and Pakistan.
The S&P BSE Sensex ended 239.67 points lower at 35,973.71 and the NSE Nifty 50 halted a four-day rally to end at 10,835.30, down 0.41 percent.
The market breadth was tilted in favour of sellers. About 1,115 stocks declined and 605 shares advanced on National Stock Exchange.
Seven out of 11 sectoral gauges ended lower, led by the NSE Nifty Realty Index’s 1.6 percent decline. On the flipside, the NSE Nifty Media Index as the top sectoral gainer, up 3.2 percent.
Reliance Communications Wins Case On Past Dues Liability On Spectrum Sale
Prime Focus Surges After Unit Wins Fifth VFX Oscar
Shares of the post production company rose as much as 18.7 percent, the most since August 2018, to Rs 61.40.
“DNEG, Prime Focus‘ creative services arm, was recognised at the Oscar‘s in Los Angeles for the work on First Man with a fifth Academy Award for best visual effects,” it said in a media statement on the exchanges.
Market Check: Nifty Pares Loss
Indian equity benchmark NSE Nifty 50 pared losses after falling over 150 points intraday.
Kotak Mahindra Bank Approves Raising FII Limit
Kotak Mahindra Bank Ltd.’s board today approved increasing ceiling limit on the total shareholding of Foreign Institutional Investors and Foreign Portfolio Investors to 45 percent from the current limit of 43 percent with immediate effect, it said in a statement on the exchange.