Wednesday, 2 May 2018

Today's Stock Market Updates-Nifty ranged, Kotak Bank jumps 5%; Metal, IT, PSU Bank indices dive

The market continued to consolidate around previous closing levels as investors globally await Federal Reserve meeting outcome due tonight.
The 30-share BSE Sensex was up 10.51 points at 35,170.87 and the 50-share NSE Nifty fell 11.90 points to 10,727.50.

The Nifty Midcap underperformed frontliners, falling half a percent while Nifty IT, Metal and PSU Bank indices are down 1.5-2 percent.
Kotak Mahindra Bank was the biggest loser among Nifty50 stocks, rising 5 percent after stable earnings in March quarter while HCL Technologies fell nearly 4 percent after earnings slightly miss analyst expectations.
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