Sensex Ends Marginally Lower; Metal And Healthcare Stocks Witness Selling

Indian share markets traded on a negative note throughout the day and recovered during the closing hours to end the day marginally lower. Sectoral indices ended on a mixed note with stocks in the power sector and oil & gas sector witnessing buying interest while healthcare stocks and metal stocks witnessed selling pressure.

At the closing bell, the BSE Sensex stood lower by 67 points (down 0.2%) and the NSE Nifty closed down by 22 points (down 0.2%). The BSE Mid Cap index ended lower by 1.2% and the BSE Small Cap index ended the day down by 0.8%.

Asian stock markets finished on a negative note. As of the most recent closing prices, the Hang Seng was down by 1.9% and the Shanghai Composite was down by 1.4%. The Nikkei 225 was down 1.1%.

The rupee was trading at 71.25 against the US$.

Stocks of sugar producing companies were witnessing buying interest in today's session after the government on Thursday hiked the minimum selling price (MSP) of sugar by Rs 2 per kg to Rs 31 to help millers clear farmers' dues.

As per the news, sugar mills are expected to get a benefit of Rs 60 billion from this move.

Rajshree Sugars & Chemicals share priceUttam Sugar Mills share priceDhampure Specialty Sugars share price, and Riga Sugar Company share price rose around 5-9% on the back of above news.

From the airlines spaceJet Airways share price was also witnessing buying interest today after the board approved bank-led resolution plan (BLRP), entailing conversion of lenders' debt into equity.

The provisional restructuring plan (BLPRP) has been carried out by lenders, led by State Bank of India (SBI), under the Reserve Bank of India's February 12, 2018 circular.

As per an article in The Economic Times, the above lenders may seek an alternate plan at the company's meeting later this month.

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