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Global cues drag markets lower


Global cues drag markets lower
Markets ended the day lower on the back of weak global cues. The Sensex ended the day lower by 129 points at 17,391 points, while the Nifty closed the day lower 41 points.

In Asia markets ended lower following a weak jobs data report in the US. Europe too opened lower which saw Indian markets trading in the red. The UK's FTSE, the German DAX and the French CAC were all significantly lower.


In the US, jobs data showed firms had created only 80,000 new jobs in June, leaving the jobless rate unchanged at 8.2%. This had spooked markets on Friday and leaving an impact on Asian markerts on Monday.

Shares of Dewan Housing Finance Corporation Limited, Goenka Diamond and Jewels Limited, Orchid Chemicals and Pharmaceuticals Limited , IVRCL Limited, Pantaloon Retail (India) Limited, Tribhovandas Bhimji Zaveri and GMR Infrastructure Limited dropped sharply following reports of alleged manipulation in these stocks by convicted broker Ketan Parekh.

Other shares that lost ground in trade were Reliance Infrastructure, Jaiprakash Associates and Ambuja Cements. Top gainers in the Nifty included DLF, TCS and Hindalco.

Read more about: sensex nifty
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