STOCK MARKET REVIEW OF 15 MAY 2019

Benchmark indices ended with losses, dragged down by metal stocks, on Wednesday due to last hour sell-off after a volatile session.Among sectoral indices, all but two indices in the red, with Nifty Media index and Nifty Metal indices plummeting 3.74 per cent and 2.1 per cent, respectively.In the broader market, the S&P BSE MidCap slipped 95 points  at 14,117, while the S&P BSE SmallCap ended the day 62 points, lower at 13,782. Exit polls are expected to be announced from May 19 evening, once the last phase of the election is over. Therefore, the market is likely to be very volatile from May 20 onwards.Nifty ends below 11,200, Sensex falls 203 points; Yes Bank, Tata Motors tank 8%FIIs consistently raise stake in last 4 qtrs; Technical View: Nifty forms a bearish candle; upside likely to be capped at 11,300 Buzzing stockJet Airways (India) shares slipped 4.18 per cent to Rs 123.70 on Wednesday on the BSE after top executives of the cash-strapped airline resigned with immediate effect.  Shares of Union Bank of India plunged as much as 10.03 per cent to Rs 71.30 apiece in the intra-day trade on Wednesday after the state-run lender said its net loss widened to Rs 3,370 crore in the fourth quarter of 2018-19, mainly on account of higher provisioning. The company had registered a net loss of Rs 2,583.38 crore in the same quarter of the preceding fiscal.