Market at a glance:
– RBL Bank falls over 6% following weak Q1 updates
– SpiceJet plunged 2.8% after a Delhi-Dubai flight made an emergency landing in Karachi.
– LIC up over 1% as Motilal Oswal initiates coverage with ‘Buy’ recommendation
– MMTC shares rose up to 10% on Nilachal Ispat Nigam’s share swap.
– ONGC ended with a marginal gain of 1%.
The rupee fell 41 paise to 79.36 against the dollar
Index statistics
According to BSE, the pre-decline ratio was 1:1 and thus neutral. Thus, about 1,714 stocks advanced, of which 1,569 declined and 160 remained unchanged. 77 stocks touched their 52-week highs during the session. The other 3 stocks hit their 52-week lows. There were 13 stocks in the upper circuit. 3 stakes were on the town circuit.
Global markets
Markets in Tokyo, Seoul and Hong Kong ended with gains, while Shanghai was slightly lower. European stocks were trading on the downside in mid-session contracts. The euro fell 0.9 percent to $1.0325 against the dollar, its weakest since December 2002.