D-Street Newsmakers: PSU Bank stocks, ITC, HUL among stocks that hogged limelight today

Indian equities on the poll outcome day saw bears rule the street as the initial results show wide fluctuations from the exit polls. As the counting entered the final phase, Sensex nosedived 4,389.73 points or 5.74 per cent to end at 21,884.5, while Nifty ended with a cut of 5.93 per cent or 1,379.4 points at 21,884.5 points. Meanwhile, Bank Nifty ended near day's low with a cut of nearly 8 per cent, down by 4,051.35 points at 46,928.6 points.

Here are the stocks that hogged limelight today:

Hindustan Unilever:

Being the defensive stock, HUL stock gained nearly 6 per cent and ended at Rs 2,492.15 apiece on the BSE. 

PSU Banking stocks:

Amid the unexpected free-fall, PSU Bank index registered the steepest fall of over 15 per cent, with stocks like Union Bank and Bank of Baroda ending with the most losses of up to 18 per cent.

Bharat Electronics:

Stocks from the defence pack also ended sharply lower as poll outcome showed a contrasting picture from the exit polls. At the close, BEL closed 19 per cent lower at Rs 257.65.

ITC:

Shares of the FMCG player ended with a cut of nearly 3 per cent at Rs 419 as the stock traded ex-dividend today. The stock's losses came even as the FMCG pack emerged strong amid across-the-board sell-off.

BPCL, IOC:

Even as crude prices hovered near their four-month levels at around $78 per bbl, OMC stocks taking cues from the markets fell sharply. BPCL shares fell over 12 per cent to Rs 585.45, while IOC ended lower by 12 per cent at Rs 155.05 apiece.