Markets end lower on weak European cues

Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts
     Markets end lower on weak European cues
    Markets ended the day lower amidst profit booking in heavyweights as European cues and worries over the fate of crucial bills in parliament affected sentiments.

    The S&P CNX Nifty ended the day lower by 36 points, while the Sensex fell 126 points. Among the major losers from the index stocks was heavyweight ITC, which fell almost 4%, after reports that the company has been down weighted as part of a regular FTSE quarterly review.

    Other stocks that were the top losers from the Nifty included IDFC, Sesa Goa, IDFC, Reliance Infra, ACC and Ambuja Cements.

    Banking stocks which were trading significantly higher for most parts of the day, saw sudden selling pressure after European markets opened lower.

    Banking stocks that dropped included Canara Bank, IDBI Bank, Federal Bank, Bank of India, Kotak Mahindra and Yes Bank.

    Metal and mining stocks too came in for some heavy selling pressure with Sesa Goa, Sterlite Industries, JSW Steel, Hindalco and Tata Steel declining sharply.

    Index stocks that gained in trade today were Tata Motors, Bharti Airtel, Jindal Steel and Bajaj Auto. Kingfisher Airlines was locked at the upper end of the circuit filter for the third day in a row after reports of buying interest from Etihad first surfaced.

    Mining major, NMDC rose after the government managed to successfully sell shares in the company and also on upgrades of performance at the company.

    Meanwhile, markets in Europe were trading lower ahead of a decision for aid to Greece.

    GoodReturns.in

    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'
    India's LARGEST EVER political poll. Have you participated yet?

    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