Bull Run halts on profit-booking; BSE-Sensex plunges 337 points

Bull Run halts on profit-booking; BSE-Sensex plunges 337 pointsSnapping its three-day rising streak, the BSE-benchmark Sensex on Tuesday, toppled by over 370 points, as major market players squared off pending positions ahead of the expiry of April contracts in derivatives.

The BSE Sensex closed today lower by 370.10 points at 11,001.75 while, NSE Nifty ended down by 107.65 points at 3,362.35. The Sensex touched intraday high of 11,375.97 and intraday low of 10,961.75.

In addition, BSE Mid Caps and Small Caps Indices also closed with losses of 133.57 and 138.82 points at 3,450.71 and 3,888.32 respectively.

In the morning, the market opened on negative note backed by weak cues across the global markets and just after an hour of opening, it became volatile as no major buying interest seen in small and midcap stocks.

Further, benchmark indices continued to extend their losses on profit taking ahead of the settlement of F&O expiry and two continuous holidays in this week. The stock market will remain close on 30th April, due to voting for the parliamentary elections in Mumbai and on 1st May due to Maharashtra Day.

On the sectoral front, most of the selling was witnessed in Reality (-5.70%), Metal (-5.66%), Bank (-4.97%), Capital Goods (-4.17%), Power (-3.78%), PSU (-2.85%) and Oil & Gas (-2.33%) stocks.

Losers from the BSE Sensex pack were DLF Ltd (7.81%), Sterlite Industries (7.73%), Tata Steel (7.56%), HDFC (7.36%), RCom (7.16%), Reliance Infra (6.82%), Tata Motors (6.41%), ICICI Bank (6.11%), BHEL (4.12%), Hindalco (4.04%), HDFC Bank (4.01%), L&T Ltd (3.91), SBI (3.29%) and ITC Ltd (2.98%).

While, the gainers from the BSE Sensex pack were IOC (3.08%), BPCL (1.24%), Bajaj Auto (1.17%), Nestle (1.01%), and HPCL (0.61%).

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