May 18,2016: Equity scales removed some of earlier day's gains today, due to profit booking and weak worldwide cues. Auto, technology and select private banks stocks fell although PSU banks, select FMCG and pharma stocks gained.

The 30-share BSE Sensex clear-cut more than 250 points intraday but achieved to trim damages in last couple of hours of trade.

The index fallen 69 points to close at 25704.61. The 50-share NSE Nifty failed 20.60 points to 7870.15.

The shop breadth was slightly negative as about 1319 shares declining beside 1227 proceeding shares on Bombay Stock Exchange.

Specialists expect the association to remain in near term but they don't see major fall in market.

Gautam Shah of JM Financial said, “he remains of the view that unless 7,780 and 7,700 break on a closing basis the trend shall remain up. He expects the index to re-test 8,000, take it out and move onwards to 8,150 levels.”