Market snaps 6-days gaining streak; Reliance gain ground

Nifty closed at 8896.70 levels, down by 42.80 points or 0.48%. Sensex closed at 28812.88 levels, down by 80.09 points or 0.28%.
 
Axis Bank Limited closed at Rs 509 per share, down by Rs 18.65 per share or 3.53%. ICICI Bank and Axis Bank were the biggest contributors to the Sensex losses.
 
There were 701 advances, 951 declines and 272 unchanged stocks on NSE, reflecting negative undertone floating in the market.
 
Reliance Industries Limited was the top Nifty gainer, whereas Idea Cellular Limited was the top Nifty loser in Thursday’s trading session.
 
Reliance Industries Limited extended its gains, touching fresh 52-week high of Rs 1256.80 per share, up by Rs 74.05 per share or 6.26%.
 
ONGC may acquire HPCL in Rs 44000 cr deal. HPCL’s current market capitalisation is Rs 57000 cr. ONGC may buy Govt's entire 51.1% stake in HPCL.
 
BSE Mid-cap index closed at 13533.78 levels, up by 1.67 points or 0.01%; while BSE Small-cap index closed at 13609.88 levels, up by 22.10 points or 0.16%.