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.
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