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Closing Bell: Sensex corrects 232 pts, Nifty Midcap sheds 321 pts amid Q4 earnings

May 21, 03:36 PM (IST)

Market Update: Benchmark indices ended lower for the fourth consecutive session, dragged by pharma, metals, auto stocks, HDFC twins and Reliance Industries.

The 30-share BSE Sensex was down 232.17 points at 34,616.13 and the 50-share NSE Nifty fell 79.70 points to 10,516.70.

Sun Pharma, Cipla, Dr Reddy’s Labs, Tata Motors, Tata Steel, HUL and Titan Company declined up to 5 percent while SBI, ICICI Bank and TCS gained up to 2.5 percent.

Nifty Midcap was down more than 300 points. About four shares declined for every share rising on the NSE.

Jet Airways, BEML, REC, Adani Power, LIC Housing Finance, Glenmark Pharma, Ashok Leyland, Amara Raja Batteries, Kitex Garments and Strides Shasun fell up to 20 percent.

Canara Bank, Union Bank, IDBI Bank and Balrampur Chini gained up to 7 percent.

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