Sensex Falls 152 Points, Nifty Settles Below 9600; Banking, Auto Stocks Drag

BSE Sensex closed flat at 31,290.74 points and NSE Nifty too closed flat at 9,630.00 points

Mumbai: Benchmark Sensex gave up early gains to end 153 points lower at 31,138.21 today while the Nifty cracked below the 9,600-mark as investors took profit ahead of a long weekend. The broader NSE Nifty moved between 9,647.65 and 9,565.30, before ending 55.05 points, or 0.57% down at 9,574.95.

Minutes into trading, it was quoting at 31,370.11 points, up by 86.47 points, or 0.28 per cent.

Nifty Bank, the banking sub-index of NSE, shed 0.81 per cent, while the Nifty PSU Bank index declined 1.98 per cent.

Fed: Large Banks Would Remain Well-Capitalized Under Severe Stress
Bank executives and many investors hope the Fed will allow lenders to put a lot more capital toward stock buybacks and dividends. The tests compare the losses projected for each bank with its capital.

It touched a new high of 31,522.87 points during intra-day trade.

On Thursday, Asian indices were showing a positive trend.

Barring IT and technology that saw buying, selling picked up at other counters such as realty, auto, metal and oil and gas.

Here are the first vicious National Basketball Association shots at Lonzo and LaVar Ball
Not only was LaVar so sure that Lonzo would be selected No. 2 overall, but he said Lonzo will turn around the Lakers in one year. He claimed that Zeus and Jesus told him that the Los Angels Lakers would take his son, Lonzo .

Top gainers on Friday included Sun Pharma, Power Grid Corp, Wipro, Vedanta, ICICI Bank, Aurobindo Pharma, Dr Reddys Labs and Cipla while key losers included Tata Motors, Hero Motocorp, Bank of Baroda, SBI, ONGC, Bosch and BHEL.

Fortis Healthcare Ltd slumped as much as 15 percent to 168.25 rupees, its lowest in more than six months, after Malaysia's Integrated Healthcare Holdings said it was not engaged in any negotiations in India now.

In broader markets, the BSE Mid-Cap index provisionally fell 1.21 per cent.

Was gunman ready to head home before congressman's shooting?
Authorities say the man who opened fire on GOP lawmakers on Wednesday was carrying a list of Republicans, according to NBC News . James Hodgkinson , 66, had a list containing the names of several Republican representatives when he carried out his rampage.

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