Closing Updates- Sensex plunges near 239 Points as fuel Prices Surge

The BSE Sensex ended lower by 238.76 points at 35,149.12 and the NSE Nifty down 58.50 points at 10,682.70 as concern over whether the BJP will prove majority in Karnataka knocked investor mood. Moreover, worries over rising interest rates and petrol, diesel prices continued to flatten markets. 

Shares of IndusInd Bank, Kotak Mahindra Bank, Yes Bank, Axis Bank, Asian Paint, Reliance, NTPC, Adani Ports, HDFC, Bharti Airtel, Tata Steel and ITC led the fall by dropping upto 2.40 percent. 

In the Nifty-50 pack of NSE, shares of Bajaj Finance and Bajaj FinServe were the top gainers based on their quarterly numbers. Coal India, Sun Pharma and Bharti Infratel were also toppers in NSE. 

Shares of Reliance Communications (RCom), hit high volatility after reports that the company was eyeing at a court settlement with Ericsson. However, RCom stocks surged 56.87 percent at Rs. 16.55 on BSE, while on NSE the share rose by 65.71 percent at Rs. 17.40. 

Shares of Tata Steel ended lower by 1.76%, at Rs. 610.30, reacting to its quarterly numbers. Shares of Taj GVK Hotels & Resorts Limited gained 1.90 percent to Rs 227.65 after the Company a good set of numbers for the quarter ending March 3, 2018.

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