The stock markets declined in late deals on Thursday owing to renewed selling pressure. Consumer goods, power, banking and auto stocks dragged the markets lower. However, capital goods, metal and healthcare scored marginal gains which helped the market to stem sharp losses of the market.
The Sensex closed at 16,316.26, down 209.11 points from the previous close of 16,525.37. Earlier, the index gained over 140 points initially touching high of 16,666.03 points.
Similarly, the National Stock Exchange's index Nifty was down by 83.05 points to 4,835.30.
Today being the last day of May expiry in the derivative segment, players closed out their open long positions in them.
Losers include Tata Motors, Suzlon, Sun Pharma, Ambuja Cement, M&M, SBI and Tata Communications. However, stocks that gave support to the markets were Cipla, Reliance Communications, L&T, Satyam Computer, Wipro, and Sterlite.
The Sensex closed at 16,316.26, down 209.11 points from the previous close of 16,525.37. Earlier, the index gained over 140 points initially touching high of 16,666.03 points.
Similarly, the National Stock Exchange's index Nifty was down by 83.05 points to 4,835.30.
Today being the last day of May expiry in the derivative segment, players closed out their open long positions in them.
Losers include Tata Motors, Suzlon, Sun Pharma, Ambuja Cement, M&M, SBI and Tata Communications. However, stocks that gave support to the markets were Cipla, Reliance Communications, L&T, Satyam Computer, Wipro, and Sterlite.
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