INSUBCONTINENT EXCLUSIVE:
Pharma, capital goods stocks were among top losers.
Sensex and Nifty edged lower today amid caution ahead of Karnataka elections, snapping a three-day winning streak
Votes will be cast on Saturday with counting being held on May 15, and results will be declared later that day
The market could get a little volatile in the next couple of sessions, says Aditya Agarwal, head-technical research, Way2Wealth
The Sensex fell 73 points to close at 35,246 while Nifty settled at 10,716, down 25 points
ONGC shares rose 2.5 per cent as Brent crude extended gains to hit 3-1/2 year-highs after the US pulled out of a nuclear deal with Iran.The
broader markets were weak today with BSE midcap and smallcap indices falling nearly 1.5 per cent
Healthcare, metal and capital goods led the losers.Among pharma stocks, Aurobindo Pharma fell 2.5 per cent while Dr Reddy's Lab declined 3.5
Other major Nifty50 decliners included Tata Motors, Cipla and Indiabulls Housing Finance.Among the decliners, Federal Bank shares slumped
over 10 per cent after March-quarter net profit fell 43 per cent.Eicher Motors Ltd rose 1 per cent after announcing upbeat March-quarter
In recent trade, rupee was at 67.27 against the US dollar, compared to previous close of 67.26.
