Nifty Ends The Day Lower; Tata Motors Surges

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Benchmark indices ended the day lower despite solid global cues, which pushed markets across Asia higher. The Japanese Nikkei surged after a strong debut by Japan Post Holdings, while services data from China saw the Shanghai Composite jump in trade by more than 4 per cent, while the Hong Kong's Hang Sang ended 2 per cent higher.

The Sensex ended the day lower by 37.67 points, while the Nifty down by 20.50 points in trade. Leading the gainers from the Sensex was Tata Motors, which jumped a huge 5 per cent in trade.

Nifty Ends The Day Lower; Tata Motors Surges
All the auto stocks were the top gainers from the indices including the likes of Hero Motor Corp, Bajaj Auto and Mahindra and Mahindra.

ICICI Bank was the top Nifty loser in trade along with stocks like Gail, TCS and Bharti Airtel dropping in trade.

Shares in Canara Bank dropped after the bank reported a higher non performing asset. Tech Mahindra too dropped after its results did not match expectations.

Among non index stocks Eros Entertainment, which has halved in value since hitting a 52-week high gained almost 5 per cent. The stock has seen sustained selling pressure ever since reports of aggressive accounting practices. This has been denied clarified by the company.

Meanwhile, markets across Europe were trading with marginal losses, after the Volkswagen shares saw deep cuts in Germany.

Read more about: sensex, nifty, tata motors, eros
Story first published: Wednesday, November 4, 2015, 14:37 [IST]
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