Stock Market: Sensex, Nifty Dip; Def Stocks Rally on ‘Space Power’
Indian equity benchmarks ended lower after a one-day rally on Wednesday, 27 March, with Sensex and Nifty failing to extend on the gains made on Tuesday.
The S&P BSE Sensex ended 100 points or 0.26 percent lower at 38,132.88 and the NSE Nifty 50 ended below 11,450, down 0.33 percent, as per PTI.
The NSE Nifty 500 Index, meanwhile, ended 0.11 percent lower.
The 30-scrip Sensitive Index (Sensex) had opened on a positive note up 200 points, while the Nifty crossed the 11,500 mark.
The Sensex of the BSE opened at 38,372.03 points and touched a high of 38,456.86 and a low of 38,372.03 points.
Defence Stocks Rally After PM’s ‘Space Power’ Claim
Defence companies also rallied in Wednesday’s trade after Prime Minister Narendra Modi announced that India had joined the elite group of nations that have the capability to target satellites, BloombergQuint reported.
Hindustan Aeronautics, Bharat Dynamics and Nelco all reported gains.
(With inputs from PTI, IANS, BloombergQuint)
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