Nifty Ends Lower Over Parliament Logjam; Cairn India Rallies 7%

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Benchmark indices ended the day lower following worries over the logjam in parliament which could stall key bills like the GST and the Land Bill.

Nifty Ends Lower Over Parliament Logjam; Cairn India Rallies 7%
Indices
Sensex27,865.96Sensex Quote38.43 [0.14%]
Nifty8,611.15Nifty Quote19.90 [0.23%]
The Sensex ended the day lower by 134 points, while the Nifty closed lower by 43 points.

Check Sensex top gainers and losers

Leading the set of gainers from the Nifty were Tata Motors, Dr Reddy's and Mahindra and Mahindra. Shares in Bajaj Auto fell a huge 4 per cent and was the top loser from the Nifty after its results lagged estimates.

Cairn India had a superb day in trade following months of seeing a slide in its stock price. The shares ended 7 per cent higher after reports that Cairn Energy would vote against the company's merger with Vedanta.

Sun TV also got a huge boost after the High Court allowed the company to participate in the FM radio auctions. The shares ended 4 per cent higher. Check Sun TV share price and financials

SKS Microfinance hit a new 52-week high after the company reported better than expected quarterly numbers. Read more on SKS results

Reliance saw some profit booking after a smart rally seen on Wednesday and ended lower. The company is due to declare its results later on Friday.

Midcap stocks had a good session with KPIT and GMR among the gainers.

Meanwhile, markets across Europe were trading with marginal losses, while most of Asia ended the day higher.

GoodReturns.im

Story first published: Thursday, July 23, 2015, 14:34 [IST]
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