Sensex down 267 points, Nifty 0.80% lower on profit booking

The  NSE Nifty hit a record high on Friday early trade, but reversed course to trade lower amid weak Asian markets, due to  a drop in crude prices. On closing, BSE Sensex marked  lower by 267.41 points, or 0.89%, to 29,859, while the NSE Nifty 50 fell 75 points, or 0.80%, to 9,285.30.
The Nifty PSU bank index advanced  2.35% to its highest since 4 March 2015, with SBI  jumping more than % and Canara Bank gaining around 7%. PSU Bank stocks trading higher in the morning hours and were trading close to its 52-week high. The Canara Bank from the PSU Bank stocks was the lead  performer today, touching  intraday high of Rs. 416 per share.
Indian oil explorers fell on weak crude oil prices, with ONGC and Oil India going down more than 2% each. Oil refiners and airlines stocks advanced with IOC climbing 2.1%. while Spice jet was up 8.4%.
Asian stocks registered a mixed trend. U.S stocks closed almost flat yesterday, 4 May 2017, since energy stocks put a lid on the broader market despite slide in crude oil prices.

Closing Bell: Sensex, Nifty settle the day flat, Maruti Suzuki shares up 3%

The benchmark BSE Sensex closed flat on Tuesday, in spite of losses were capped as some auto majors rallied after posting rise in April sales. The BSE Sensex closed higher by 2.78 points, or 0.01%, to 29,921.18, while the NSE Nifty closed 9.75 points, or 0.10%, to 9,313.80.

Ambuja Cements Ltd fell about 4.21%. Shares of most Indian auto makers, rose after they reported a jump in April vehicle sales on Monday. Maruti Suzuki Ltd gained 3% to a record high of Rs. 6,730, while Eicher Motors Ltd rose 2.61% to a record high of Rs. 26,747.90.

Oil refiners also rose on account of hikes in petrol and diesel prices. Bharat Petroleum Corporation gained 2.75%, Hindustan Petroleum Corp. advanced about 2.40%, and Indian Oil Corp. climbed nearly 1.87%.

The Bank stocks were on focus at the exchanges in the morning hours wherein Federal Bank was the splendor performer touching an intraday high of Rs 115.3 per share, up by 7.3 percent.