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Shares Falls On Broad-Based Selling, Nifty Slips Below 11500


Stock market benchmark indices Sensex Nifty ended lower in volatile session on Wednesday led by losses in PSU bank, metal and auto stocks. The Sensex closed 174-pts lower at 38,557.

The NSE Nifty index also closed lower at 11,499, down by 57-pts, with losses were drawn by Bajaj finance, Indiabulls Housing, Bajaj finserve, Tata Steel and BPCL.

Sectorally Nifty Bank index settled 0.15% lower at 30,522.10 and Nifty IT ended 0.56% lower to settle at 15,168.60.

Nifty FMCG gauge closed lower, down 0.57% at 29,154.25 while Auto index ended 1.08% lower to settle at 7,511.15.  Nifty Metal index also ended 1.13% lower to settle at 2,756.45.

Most stocks in the AutoSector witnessed selling to a great extent. TVS Motor closed down 2.58%, Tata Motors slumped 2.50%, Bharat Forg slipped 2.33%, Hero Motor Corp down 1.80%, while Ashok Leyland and MRF went up over 1% each.

The top stocks that hit 52-week low-level on the NSE include PC Jewellers, Reliance Power, JSW Steel, Gail India and Sun TV.