Sensex, Nifty close lower, Asian Paints, Axis Bank biggest losers

The benchmark indices settled with small losses after a range-bound trade, since investors booked profits after indices scaled record highs yesterday, 11 May 2017. The BSE Sensex slid 62.83 points or 0.21% at 30,188.15, while the NSE Nifty-50 index fell 21.50 points or 0.23% at 9,400.90. The indices snapped 4-day winning streak today, 12 May 2017.
The BSE Mid-Cap index fell 0.69% and the Small-Cap index shed 0.8%. The declines in the indices were higher than Sensex's fall in percentage terms.
Bank stocks declined with SBI down 0.47%, Canara Bank dip 1.44%, Union Bank of India declined 1.82% among others.  Among private sector banks, Axis Bank down 2.69%, ICICI Bank fell 1.12%, IndusInd Bank down 1.06%), and Yes Bank declined 5.78% while HDFC Bank rose 0.14%.
Asian Paints dropped 2.81%, after company’s net profit rose 10.4% to Rs 462.22 crore on 8.9% rise in revenue.
Eicher Motors  Ltd fell about 1 percent  after rising for five consecutive sessions, while Ashok Leyland down 1.7% after two winning session’s  gains.  Shares of Reliance Infrastructure rose  the Delhi Airport Metro, won an arbitration case against Delhi Metro Rail Corpn.