Sensex Ends Lower As Global Markets See Profit Booking

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Benchmark indices ended the day lower, as global markets saw profit booking after a near 6-day rally across markets.

Sensex Ends Lower As Global Markets See Profit Booking
The Sensex ended the day lower with losses of 111 points, while the Nifty closed lower by 40.50 points. Leading the set of losers in trade were Bharti Airtel, Gail, Tata Motors and Bajaj Auto being among the top losers in trade.

Select stocks saw buying interest including the likes of Wipro, Reliance, Dr Reddy's and Tata Steel. Shares in HCC surged 10 per cent, after the company won an order for the Mumbai Metro III order in JV with Russian company MMS.

Southern Biotech was locked at the upper end of the circuit filter after the company said that it has received orders to supply 14544 kilo litres of bio diesel to Andhra Pradesh state road transport.

But the star in trade was the heavily traded Jaiprakash Associates, which rose sharply by 11 per cent after the board approved a scheme of arrangement for divestment of cement assets to UltraTech Cement.

A non index stock that saw huge selling pressure was Nagarjuna Oil which dropped after IOC turned down an offer to buy stake in Nagarjuna Oil project.

Usha Agro was another stock that surged after lenders decided to invoke strategic debt recast of the company.

Meanwhile, markets across Asia ended the day lower, while most of Europe was trading with losses.

Read more about: sensex, nifty, dr reddys
Story first published: Tuesday, July 5, 2016, 15:19 [IST]
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