Stock Market Closing Update by ABR Venture

Benchmark indices closed lower for the first time in last seven consecutive trading sessions, dragged by banks, telecom and auto stocks.

The 30-share BSE Sensex was down 80.09 points at 28812.88 and the 50-share NSE Nifty fell 42.80 points to 8896.70 while the broader markets outperformed benchmarks despite weak breadth.

Axis Bank was the biggest loser among Sensex stocks, down 3.6 percent followed by ICICI Bank, L&T, HDFC, Bharti Airtel, Maruti and Tata Motors while Reliance Industries gained 4.7 percent.

ABR CLOSING BELL:

NIFTY 50 FUT-8919.45,-36.70
NIFTY BANK FUT-20678,-200.85
SENSEX-28812.88,-80.09

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