For Quick Alerts
For Daily Alerts

    Markets drop on selling pressure; GAIL plummets

     Markets drop on selling pressure; GAIL plummets
    Markets dropped sharply in trade today on renewed selling pressure following weak sentiments across the globe.

    The Sensex ended the day lower by 109 points, while the Nifty closed the day with losses of 34 points. Among the losers in trade were GAIL, which dived 3.12%, while Hindalco, Jindal Steel and BPCL were the other significant losers from the Nifty.

    ITC, however, stood out and ended the day with smart gains following a spectacular set of results posted by the company. In fact, a surge in the net profits of the company saw the shares scale a 52-week high.

    Shares of Exide Industries fell almost 8%, after the company's net profit rose lower than expected. Indian Hotels dropped 5% after it chose to bid for Orient Express.

    Among the Nifty stocks that ended the day with gains were Ambuja Cements, HCL Tech and Lupin Laboratories.

    The banking sector came in for some heavy selling pressure with frontline banking names like State Bank of India, HDFC Bank, ICICI Bank and Axis Bank dropping.

    Heavyweights Reliance Industries and TCS failed to provide any support to the market.

    Meanwhile, markets in Asia closed the day on a weaker note, while European indices were trading deeply in the red on mounting worries over Spain.

    Read more about: sensex nifty
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more