Key benchmark indices provisionally closed almost flat after witnessing intraday volatility. BSE Sensex closed up by 9 pts and Nifty closed at 60.31.8 up by 2.6 points. L&T tumbled over 7% after reporting weak Q1 results. Weak Q1 results from L&T had ripple effect on shares of power equipment major Bharat Heavy Electricals (Bhel), which also fell sharply. The market breadth, indicating the overall health of the market, was negative. In Nifty50 stocks there were 24 advances to 26 declines. Reliance Industries (RIL) declined after Q1 results. Asian Paints dropped after the company reported weak Q1 result at the fag end of the trading session.
Sector specific Bank index was the outperformer on Nifty in today’s market, others include Auto, Finance & PSU banks, the laggards were Energy, CNX Infra & CNX PSE.
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