3:43 PM: Nifty ends 206 pts off record high; Kotak Mahindra Bank, RIL fall post Q3 earnings

Market Close: After hitting record highs in the morning trade the benchmark indices gave up all the gains and ended near day’s low on January 20 with Nifty below 12,250 level.

At close, the Sensex was down 416.46 points or 0.99% at 41528.91, and the Nifty was down 127.90 points or 1.04% at 12224.50. About 944 shares have advanced, 1555 shares declined, and 176 shares are unchanged.

Kotak Mahindra Bank, Zee Entertainment, IOC, Coal India and Reliance Industries were among major losers on the Nifty, Power Grid Corp, Bharti Airtel, Bharti Infratel, GAIL and ITC were among major gainers on the Nifty.

Among sectors, except FMCG, other indices ended in the red. BSE Midcap Index fell 0.6 percent and Smallcap Index ended 0.4 percent lower.

News Source:- Moneycontrol

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