Wednesday, May 30, 2018

Sensex dips 150 pts amid political turmoil in Italy; M&M, Coal India rally

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The market extended previous day's losses with the Sensex falling more than 150 points following correction in global peers on political turmoil in Italy.
The Nifty50 has broken 10,600 levels while all sectoral indices are in the red barring IT.
Banking & financials pulled the market lower as Nifty Bank and Financial Services indices lost nearly a percent.
Oil retailers IOC, HPCL and BPCL fell up to 3 percent after cut in fuel prices.
M&M, Coal India and Power Grid gained 2 percent each following March quarter earnings.
The 30-share BSE Sensex declined 171.66 points to 34,777.58 and the 50-share NSE Nifty slipped 62.10 points to 10,571.20. shares have advanced, 895 shares declined, and 86 shares are unchanged. 
Reference By- https://www.moneycontrol.com/news/business/markets/market-live-sensex-dips-100-pts-amid-political-turmoil-in-italy-mm-coal-india-rally-2578491.html

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