Sensex falls to 2-week low on profit-booking in ICICI Bank, HDFC Bank, Reliance Industries shares
"The broader indices did see some profit booking on the F&O expiry. However, stock specific activity was vivid," said Milan Bavishi, Head Research, Inventure Growth & Securities.
PSU banks hogged limelight in the Nifty space as PNB showed improvement in asset quality. The stock ended over 9.37 per cent while Union Bank gained nearly 6 per cent.
Jet Airways shares surged 4.4 per cent on hopes of a deal with Etihad soon, said dealers.
Analysts said consolidation was being seen near 20,000-mark for Sensex and 6,100-level for Nifty.
"As 6100 is an important resistance level in near term, Nifty may be seen consolidating in coming sessions," said Nidhi Sarswat, Senior Research Analyst, Bonanza Portfolio Ltd.
Globally, Asian stocks closed narrowly mixed with downward bias after US Federal Reserve meeting did not throw up any positive surprise yesterday.
Key benchmark indices in Hong Kong, Singapore and South Korea closed with losses while those from China, Japan and Taiwan finished with small gains.
However, European markets were quoting lower in their afternoon deals. The CAC was down by 0.62 per cent, the DAX by 0.24 per cent and the FTSE by 0.50 per cent.
Back home, 19 out of 30 sensex-based scrips closed with gains while others finished with losses. Tata Power dipped by 2.17 per cent, ICICI Bank 1.93 per cent, HDFC Bank 1.87 per cent, Bharti Airtel 1.52 per cent, RIL 1.39 per cent, HDFC 1.37 per cent, L&T 1.35 per cent, Maruti Suzuki 1.21
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