Closing market podcast for May 10, 2018

After remaining rangebound through the day, equity benchmarks on Thursday ended the day on a lower note, but the Nifty managed to hold on to 10,700-mark. The Sensex managed to close around 70 points lower.

The day began on a positive note as the Sensex opened 100 points higher, while the Nifty too traded above 10,750-mark. But selling pressure among sectors such as PSU banks, metals and pharma dragged the indices through the afternoon. Weak moves on the midcap index also hurt the market; the Nifty Midcap index ended over 1.5 percent lower.

Among sectors, selling was also seen banks, automobiles as well as infrastructure stocks. The Nifty Energy index was the sole index to end in the green.

At the close of market hours, Sensex was down 73.08 points at 35246.27, while the Nifty ended lower by 25.20 points at 10716.50. The market breadth was negative as 783 shares advanced, against a decline of 1873 shares, while 144 shares were unchanged.

ONGC and Bharti Airtel were the top gainers among both indices, while Dr Reddy’s Laboratories and Tata Motors have ended as top losers.