Markets End Lower; L&T, Bharti Biggest Losers

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Benchmark indices ended the day lower, led by losses in heavyweights like ICICI Bank and Larsen and Toubro.

Global markets made some good recovery, with indices in Asia ending the day with gains, while most of Europe was also trading higher.

Markets End Lower; L&T, Bharti Biggest Losers
The Sensex closed lower by 70 points, while the Nifty dropped 16 points in trade. Shares in Tata Consultancy Services gained ground and was the biggest gainer from the NSE Nifty.

Among non index stocks, Indoco Remedies saw its share price slide by almost USFDA issued Form 483 with six observations for Goa plant II & III of Indoco Remedies

Banking stocks came in for some selling pressure, especially the PSU Banking stocks. Among the major losers from the space were stocks like Oriental Bank, Allahabad Bank and Bank of Baroda.

Shares in MCX rallied a huge 6 per cent after the company increased transaction charges by 25 per cent for non-agri commodities.

Select midcaps also saw selling pressure with Godrej losing 3 per cent, while CESC ended theday lower by 3 per cent. However, IDFC was one article

Meanwhile, markets across Asia ended the day higher, while most of Europe was trading with gains. The Indian markets fell despite gains across the globe.

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Read more about: sensex, nifty
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