|Chennai||Rs. 24840.00 (-0.36%)|
|Mumbai||Rs. 25460.00 (-0.16%)|
|Delhi||Rs. 25450.00 (2.21%)|
|Kolkata||Rs. 25000.00 (0%)|
|Kerala||Rs. 24700.00 (0%)|
|Bangalore||Rs. 25050.00 (1.42%)|
|Hyderabad||Rs. 24930.00 (1.63%)|
The BSE Sensex fell on Thursday on profit-taking, led by declines in auto stocks such as Tata Motors, while Adani group stocks were also hit after gaining recently on expectations Narendra Modi would win a fourth successive term as chief minister of Gujarat.
Concerns that a strong victory by the opposition in Gujarat elections might affect the bargaining position of the government at the centre to push forward its reforms agenda, also added to the anxiety, dealers said.
Narendra Modi looked set to win a fourth successive term as the chief minister of Gujarat, a victory that could launch the prime ministerial ambitions of one of the country's most popular but controversial leaders.
With parliament's winter session ending on Thursday, the rally's extension would not depend on how well RBI manages slowing growth and sticky inflation.
"The credit policy is something we are looking forward and then the budget session will keep markets busy," said Vaibhav Sanghavi, director at Ambit Capital.
In the medium term, the outlook is bullish and the coming two years will be good for equities, he added.
0.11 percent, or 22.08 points, to end at 19,453.92, after marking its near 2-week closing high on Wednesday.
The Nifty fell 0.22 percent, or 13.20 points, to end at 5,916.40, although closing above the psychologically important 5,900 level.
Capital goods stocks such as Larsen & Toubro
Adani Group stocks fell on profit-taking after gaining recently on expectations Narendra Modi would win a fourth successive term in India's Gujarat state.
Adani Enterprises Ltd
Adani Ports and Special Economic Zone Ltd
Shares in Shasun Pharmaceuticals
Shasun has a long-term agreement with Vertex for supply of active pharmaceutical ingredient for the Hepatitis C drug.
The move is expected to weigh on prices on metallurgical coke, giving steel firms access to cheaper imports from China.
Tata Consultancy Services
Multi Commodity Exchange of India