Gold Silver Reports (GSR) – Market Check: Sensex, Nifty Extend Losses Dragged By Banks – Indian equity benchmarks extended losses dragged by banking heavyweights like ICICI Bank, State Bank of India, Yes Bank and Kotak Mahindra Bank. The S&P BSE Sensex fell 0.37 percent or 128 points to 35,038 and the NSE Nifty 50 index declined 0.33 percent or 35 points to 10,653.
Eleven out of 19 sector gauges compiled by BSE were trading lower led by the S&P BSE Bankex index’s 1.2 percent drop. On the flipside, the S&P BSE Industrials index was the top gainer, up 0.6 percent.
The overall market breadth was negative as 1,318 shares were declining while 1,170 were advancing on the BSE.
Nifty Auto Index Poised For Worst May In Six Years
The NSE Nifty Auto Index, the third worst performer among sectoral gauges so far this month, is set for its poorest May in six years.
