Sensex, Nifty Fall For Third Straight Day As Banks, Auto Shares Decline

INSUBCONTINENT EXCLUSIVE:
In intraday deals today, the Sensex fell as much as 315 points from day's highest level.The SP BSE Sensex and NSE Nifty 50 Index logged in
third straight day of losses led by declines in auto and banking heavyweights like HDFC Bank, State Bank of India, Maruti Suzuki, IndusInd
Bank and Yes Bank came under selling pressure
For most part of the day, the SP BSE Sensex and Nifty 50 indexes traded with a positive bias but erased gains in afternoon trading as losses
in private sector lenders and carmakers deepened wiping out entire intraday gains
In intraday deals today, the Sensex fell as much as 315 points from day's highest level and Nifty 50 index touched high of 11,645.95 and
low of 11,564.80.The Sensex ended 0.21 per cent or 80 points lower at 38,565 and NSE Nifty 50 Index dropped 0.16 per cent or 18 points to
shut shop at 11,576.Seven of 11 sector gauges compiled by the National stock Exchange ended lower led by the Nifty Auto Index's 1.5 per
cent decline
Nifty Bank, Nifty Private Bank, Nifty PSU Bank and Nifty Financial Services Indexes also dropped between 0.4 and 0.7 per cent each.On the
flipside, Nifty Pharma Index was top gainer, up 1.1 per cent.Small-cap shares underperformed larger peers as the Nifty Smallcap 100 Index
declined 0.64 per cent.Maruti Suzuki was top Nifty loser, the stock fell 3.55 per cent to Rs 7,061
Yes Bank, Tata Steel, IndusInd Bank, NTPC, Hero MotoCorp, State Bank of India and GAIL were also among the losers.On the other hand, ONGC,
Zee Entertainment, Sun Pharma, Bajaj Finance, Reliance Industries, Coal India and Wipro were among the gainers.The overall market breadth
was negative as 1,402 shares ended lower while 1,129 closed higher on the BSE.Get the latest election news, live updates and election
schedule for Lok Sabha Elections 2019 on TheIndianSubcontinent.com/elections
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