The Indian equities ended lower with slim losses on Wednesday as caution prevailed in the market ahead of the fourth quarter earnings report of index heavyweight ICICI Bank and outcome of a two-day policy meeting of the US Federal Reserve. The Federal Reserve is likely to maintain status quo on interest rate, but may give some hints on the possibility of a rate hike in June. Among the individual stock, Godrej Properties surged nearly 8 per cent after real estate arm of Godrej Industries said it has sold over 1000 apartments across three new project launches – Godrej Origins at The Trees in Mumbai, The Suites at Godrej Golf Links in Greater Noida and Godrej 24 at Hinjawadi, Pune since March 2017.
The 30-share barometer SENSEX closed at 29894.8, down by 26.38 points or by 0.09 per cent, and the NSE Nifty ended at 9311.95, down by 1.85 points or by 0.02 per cent.
During the day’s trade, the BSE Sensex touched intraday high of 30020.59 and intraday low of 29846.57, while the NSE Nifty touched intraday high of 9346.3 and intraday low of 9298.4.
The top losers of the BSE Sensex pack were Lupin Ltd. (Rs. 1264.20,-3.09%), Housing Development Finance Corporation Ltd. (Rs. 1561.20,-1.37%), ICICI Bank Ltd. (Rs. 272.75,-1.16%), Tata Motors Ltd. (Rs. 446.65,-1.11%), Tata Steel Ltd. (Rs. 440.65,-1.03%), among others.
Meanwhile, Power Grid Corporation of India Ltd. (Rs. 210.75,+2.31%), Tata Consultancy Services Ltd. (Rs. 2337.40,+1.98%), Infosys Ltd. (Rs. 935.65,+1.59%), Coal India Ltd. (Rs. 279.35,+1.49%), Hindustan Unilever Ltd. (Rs. 935.30,+0.71%), were among top gainers on BSE.
On the sectoral front, healthcare and oil&gas stocks emerged as top losers, falling as much as 0.98 per cent and 0.67 per cent, respectively.
The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 3206, shares advanced were 1447 while 1573 shares declined and 186 were unchanged.