Sensex Ends Lower For 4th Straight Day; ICICI Bank, HDFC Drop

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Benchmark indices ended the day lower for the 4th straight session dragged down by selling in heavyweights like HDFC and ICICI Bank. Asian markets continued to see some selling pressure with the Chinese markets weighing on sentiments. The Sensex closed the day lower by 102 points, while the Nifty dropped lower by 24 points to end at 8337 points. Check top Nifty gainers and losers here

Sensex Ends Lower For 4th Straight Day; ICICI Bank, HDFC Drop
Indices
Sensex26,694.28Sensex Quote457.41 [1.74%]
Nifty8,246.85Nifty Quote144.80 [1.79%]
Leading the set of losers apart from HDFC and ICICI Bank were Tata Motors and Hero Motor Corp.

Several shares reacted to their results. Punjab National Bank which saw its asset quality numbers improving marginally closed the day higher by 4 per cent. Read PNB results here. Union Bank of India which also reported numbers gained, while Syndicate Bank plunged a huge 7 per cent following weak numbers.

Shares in Havells fell after HSBC cut target price on the stock. Sun TV which on Sunday was allowed to bid in the FM auction and saw a huge rally on Monday, gave up gains and ended the day lower by 5 per cent.

Other Mid cap stocks that fell were Power Finance Corporation and TVS Motors, which fell sharply for the second straight day.

Meanwhile, European markets were trading with marginal gains, while most of Asia closed with sharp losses.

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Read more about: sensex, nifty, tata motors, pnb, sun tv
Story first published: Tuesday, July 28, 2015, 15:00 [IST]
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