MARKET ANALYSIS
- The 30-stock Sensex ended the day in the red after rallying over 300 points in intraday trade on hopes that US Federal Reserve would not go for a rate hike soon.
- The Nifty extended losses for second straight session and closed near support of 8,600.
- The US Federal Reserve took a dovish stand on interest rates and said the action will be data driven. According to analysts, the hike may happen in June or may get delayed to September as well.
- Most of the Asian markets ended in the green zone, except for Japan's Nikkei, which closed the day below its crucial 19,500-mark.
- The Sensex ended the day at 28,469.67; down 152.45 points.
- The broader 50-share Nifty closed the session at 8,634.65; down 51.25 points.
- Top gainers on sensex: Gail, Ntpc, , Ongc and Tata steel (0.9%)
- Top losers on sensex: axis bank , Bhel, Sbi, Ril and Icici bank (-1.7%)
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