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Indian benchmark indices ended lower on April 29, with the Nifty closing near 17,100 mark amid selling across sectors. On the back of positive global cues, the Nifty started the May F&O series on higher note and remain in the positive territory, before witnessing profit booking in the final hour of trade .At close, the Sensex was down 460 points at 57,060, and the Nifty was down 142.50 points 17,102.For this week, BSE Sensex and Nifty lost 0.23 percent and 0.40 percent, while April saw a fall of 2.57 percent and 2.07 percent, respectively. Dips were encouraging investors to accumulate quality stocks with focus on defensives & domestic growth sectors like manufacturing & capital goods. We’ve been seeing the index oscillating in a broader range for the last two weeks and there’s no clarity over the next directional move yet. We reiterate our cautious view and suggest waiting for a decisive break from the 16,800-17,300 range. Apart from the global cues, domestic factors like earnings, LIC IPO and auto sales numbers will also be in focus. Some glimpses of today’s trading session.
1. All sectoral indices in the red
2.Maruti Suzuki slips, Ultra Tech flat
despite higher-than-expected earnings
3.Axis
Bank top Nifty loser after earnings, stock down 6 percent
4.Auto stocks slip ahead of monthly sales numbers, Bajaj Auto top loser
5.Shriram Transport top midcap gainer
after strong earnings
6.Laurus Labs gains 5 percent from lows on positive
management commentary
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