Sensex Ends Lower As European Markets Decline

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Benchmark indices ended the day lower, as European markets saw some profit booking and Dow Futures were pointing to a lower opening.

Sensex Ends Lower As European Markets Decline
The Sensex ended the day with losses of 105 points, while the Nifty ended the day lower by 26 points. Asian markets ended higher as Chinese data lifted markets in the region.

Leading the set of losers from the Nifty was Infosys, which crashed as much as 8 per cent, following a poor set of quarterly numbers.

Poor numbers from Infosys dragged stocks like TCS and Wipro also lower. Tata Steel, Bharti Airtel, Larsen and Toubro were the biggest gainers in trade.

Among non index stocks, companies like Mangalam Timber saw a solid rally in its share price and the stock was locked at the upper end of the circuit filter.

Spice Digital saw its share price rally after the subsidiary acquired further 3.07 percent in Sunstone learning.

Golden Tobacco fell 4 per cent after reports that Income Tax Department has attached Golden Tobacco's Vile Parle property.

Select banking stocks saw some breather in trade after the relentless rally seen in the last few weeks. Shares of Syndicate Bank, however, continued to gain in trade.

Meanwhile, the rupee was trading at 66.85 to the dollar.Crude oil future fell, despite better than expected Chinese data,  follwoing reports of a supply glut.

GoodReturns.in

Read more about: sensex, nifty
Story first published: Friday, July 15, 2016, 15:19 [IST]
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