Domestic shares fell since investors booked profits in new outperformers, but were poised for a third consecutive gain on month triggered by a spectacular victory for BJP in a key state election and huge foreign inflows into markets. Top five Sensex gainers in the afternoon hours were Reliance, L&T,NTPC, Tata Steel, and SBI, while the major losers were HDFC Bank, Bharti Airtel , HDFC, TCS, and Infosys.
At 2.30 pm, the NSE index was down 13.25 points or 0.14% at 9,187, while the BSE index was down 25.80 points or 0.9% at 29,673.22. The NSE index has advanced 3.1% this month after hitting a record high of 9,218.40 on March 17, stimulated by Prime Minister Narendra Modi’s Victory in U.P and net foreign inflows of USD 4.67 billion into equity markets as of March 30.
Asian shares were mixed and the U.S dollar pulled out its overnight gains today on cues of strong US economic growth, while the euro inched up after slowing growth in Europe.