Markets end lower as worries over financial bills weigh

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 Markets end lower as worries over financial bills weigh
Frequent disruption of parliament and worries over the fate of key financial bills affected market sentiments today, with banking and high beta stocks trending lower.

The Sensex ended the day lower by 22 points, while the Nifty lost 10 points in trade. Banking stocks which had led gains on Monday saw a sharp decline with PSU banking stocks dragged lower over worries of the Banking Bill.

Banking stocks that lost ground were IDBI Bank, Union Bank, Kotak Mahindra, Federal Bank and Canara Bank amongst others.

Metal and mining stocks from the Nifty lost ground today included Hindalco, Sesa Goa and Coal India. Software stocks too lost ground today with HCL, Wipro and Infosys.

Capital goods stocks too lost ground in trade today with Punj Lloyd, Bhel and Praj industries dropping on renewed selling pressure.

Nifty stocks that gained in trade today were Hindustan Unilever, Bajaj Auto, Jindal Steel and Ambuja Cements. Heavyweight, Reliance Industries also shed ground on selling pressure.

Shares of Kingfisher Airlines was locked at the upper end of the circuit filter following reports that Etihad Airways may pick a stake in the company.

NMDC was up more than 2.5%, despite reports that offer for sale of the company will be lower than the current market price.

Meanwhile, markets in Asia ended the day higher, while markets in Europe were trading in the green.

GoodReturns.inFrequent disruption of parliament and worries over the fate of key financial bills affected market sentiments today, with banking and high beta stocks trending lower.

The Sensex ended the day lower by 75 points, while the Nifty lost - points in trade. Banking stocks which had led gains on Monday saw a sharp decline with PSU banking stocks dragged lower over worries of the Banking Bill.

Banking stocks that lost ground were IDBI Bank, Union Bank, Kotak Mahindra, Federal Bank and Canara Bank amongst others.

Metal and mining stocks from the Nifty lost ground today included Hindalco, Sesa Goa and Coal India. Software stocks too lost ground today with HCL, Wipro and Infosys.

Capital goods stocks too lost ground in trade today with Punj Lloyd, Bhel and Praj industries dropping on renewed selling pressure.

Nifty stocks that gained in trade today were Hindustan Unilever, Bajaj Auto, Jindal Steel and Ambuja Cements. Heavyweight, Reliance Industries also shed ground on selling pressure.

Shares of Kingfisher Airlines was locked at the upper end of the circuit filter following reports that Etihad Airways may pick a stake in the company.

NMDC was up more than 2.5%, despite reports that offer for sale of the company will be lower than the current market price.

Meanwhile, markets in Asia ended the day higher, while markets in Europe were trading in the green.

GoodReturns.in

Read more about: sensex, nifty
Story first published: Tuesday, December 11, 2012, 15:10 [IST]
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