Nifty ends below 11,450, Sensex falls 100 points; bank stocks outperform

CNBC

Market at close: It is weak closing for the benchmark indices on Wednesday after market erased all its morning gains in the later part of the day.

The Sensex was down 100.53 points at 38,132.88, while Nifty was down 38.30 points at 11,445. About 1189 shares have advanced, 1524 shares declined, and 152 shares are unchanged. 
NTPC, HPCL, Tata Motors, Bharti Airtel and Eicher Motors were the top losers on the Nifty, while gainers include Yes Bank, IndusInd Bank, Indiabulls Housing, JSW Steel and SBI.
Among the sectors, energy, auto, FMCG, infra, IT, metal and pharma remained under pressure, while some buying seen in the banking stock, with Nifty Bank ended above 30,000 level. 
Lupin receives USFDA approval: The company has received approval for its Tadalafil Tablets USP, 2.5 mg, 5 mg, 10 mg, and 20 mg, from the United States Food and Drug Administration (FDA) to market a generic version of Eli Lilly and Company’s Cialis Tablets, 2.5 mg, 5 mg, 10 mg, and 20 mg. 
Vedanta notifies gas discovery: Vedanta has notified the Management Committee, Directorate General of Hydrocarbons and Ministry of Petroleum and Natural Gas of an oil discovery in the second exploratory well H2, located in the block KG-OSN-2009/3, Krishna-Godavari Basin, East Coast of India. 
Buzzing: Shares of UCO Bank gained 5 percent intraday on March 27 after a report said that the special payment mechanism for importing crude oil from Iran granted the state-run bank Rs 13,000-14,000 crore windfall. 
Market Update: It is a sharp fall in the market on Wednesday afternoon with Nifty slipped below 11,450 level.
The Sensex is down 136.11 points at 38097.30, while Nifty down 44.60 points at 11438.70.
Market update: The indices are trading off day's highs. Sensex is up 164.03 points or 0.43 percent at 38,397.44, and the Nifty up 43.50 points or 0.38 percent at 11,526.80. About 1,273 shares have advanced, 932 shares declined, and 127 shares are unchanged.
United Breweries jumps 6%: United Breweries shares rallied 6 percent on Wednesday after a media report indicated that Heineken raised its stake in company.
Buzzing: Shares of Sheela Foam tanked 6 percent on March 27 after two promoters of the company decided to sell 8.68 percent stake in the company via offer for sale on March 27-28.
GMR Infra gains: Shares of GMR Infra rose 9 percent in the early trade on Wednesday on proposed investment from Tata Group, GIC and SSG Capital worth of Rs 8000 crore.
Market Opens: It is strong start for the Indian indices with Nifty above 11,500 level.
The Sensex is up 171.44 points at 38404.85, while Nifty is up 40.50 points at 11523.80. About 559 shares have advanced, 239 shares declined, and 31 shares are unchanged. 
IOC, Yes Bank, IndusInd Bank, IOC, HDFC Bank, SBI, HUL are among major gainers on the indices, while losers are Rel Comm, REC, BPCL and HPCL.
Nifty Bank has reported a record high with index trading above 30000 level.
Market at pre-open: The benchmark indices are trading higher in the pre-opening with Nifty around 11,550 mark
Jet Airways, UCO Bank, PNB and BoB are among major gainers in the pre-opening.
At 09:02 hrs IST, the Sensex is up 149.19 points or 0.39% at 38382.60, and the Nifty up 61.60 points or 0.54% at 11544.90.
Wall Street ends higher: US stocks gained on Tuesday, with financials snapping a five-day losing streak as Treasury yields stabilized above 15-month lows
SGX Nifty: Trends on SGX Nifty indicate a flat to negative opening for the broader indices in India. Nifty futures were trading around 11,504-level, down 20 points, on the Singaporean Exchange.
Asian markets trade lower: Asian shares slipped on Wednesday, giving up their small gains made the previous day, as investors tried to come to terms with a sharp shift in US bond markets and the implications for the world's top economy.