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Wednesday, 31 May 2017

Sensex, Nifty close session with small losses ahead of Q4 GDP data

Sensex Nifty down
The benchmark Sensex and Nifty registered small losses in a lackluster trading session on profit booking since investors maintained cautious stance ahead of GDP data due later today. The BSE Sensex lost 13.60 points or 0.04% at 31,145.80, while the Nifty50 index declined 3.30 points or 0.03% at 9,621.25. The BSE Mid-Cap index rose 0.94% and the BSE Small-Cap index advanced 1.05% outperforming the Sensex. There were about 1,375 advances against 1,294 declining shares on the BSE. 

Aviation stocks surged in the midst of decline in global crude oil prices. Inter Globe Aviation rose up 4.09%, SpiceJet advanced 4.39% and Jet Airways went up 3.91%.

Automobiles shares were in limelight with the BSE Auto and Nifty Auto index hitting their respective record highs in intra-day trade. 

M&M, Maruti Suzuki, Bharat Forge and Exide Industries from the auto index were up in the range of 1 to 4 percent. 

European/Asian stocks were mixed. US shares closed lower yesterday as investors adjusted key economic data, but a surge in tech stocks helped cap losses.


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