For Quick Alerts
For Daily Alerts

    Global worries drag Indian markets lower

     Global worries drag Indian markets lower
    Global worries, particularly the looming fiscal cliff in the US and increasing tensions in the Middle East dragged world markets and Indian markets lower in trade today.

    The Sensex was trading lower by 164 points, while the Nifty lost 50 points at 9.30 am IST. Among the top losers from the index stocks was Sun Pharma which crashed more than 4.44%, while other stocks that dropped from the Nifty was Ultratech Cements, Jaiprakash Associates and HDFC.

    Among the few gainers in trade from the index stocks were Tata Power, Bharti Airtel, NTPC and Hindustan Unilever.

    Shares of NMDC dropped 1.6% after the miner, suffered a 15% drop in quarterly sales and said that disruption in operations due to Maoist group activities in Bailadila complex was a challenge.

    Idea Cellular jumped 2.66% after the telecom major won airwaves in all seven zones in which it was set to lose its permits.

    Rajesh Exports jumped more than 2% after the Gold and diamond jewellery company reported a growth of five per cent in net profit at Rs 112.45 crore.

    Banking shares were subdued with ICICI Bank, HDFC Bank and Axis Bank all dropping in trade. Meanwhile, markets in Asia were all trading deeply in the red, except the Japanese Nikkei which was up more than 1% in trade today.

    Read more about: sensex nifty
    Story first published: Thursday, November 15, 2012, 9:30 [IST]
    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