Sensex closes below 26,000 points on July F&O expiry

By Sunil Fernandes
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    The Sensex and the Nifty ended the day lower on the last day of expiry for the F&O series as investors sold stocks in the last one hour of trade after European cues remained weak. The Sensex ended the day with losses of 192 points, while the Nifty lower by 70 points.

    HCL Tech led losses on the Nifty despite the company reporting a good set of results for the quarter ending June 30. The stock of HCL Tech ended the day 3 per cent lower in trade.

    Other stocks that added pressure on the Nifty were IDFC, NTPC, Kotak Mahindra Bank and Axis Bank. Shares in ICICI Bank also ended the day lower despite the company reporting a good set of results.

    Infosys, Cipla and BPCL were select stocks that managed to close the day in the red. Maruti which reported a growth in net profits for the quarter ending June 30, 2014 ended the day lower.

    Mid cap stocks managed to hold ground today with the index ending the day flat with stocks like Bharat Forge, Havells and Bicon ending the day in the green.

    Realty stocks like Godrej and DLF ended the day lower in trade on selling pressure.

    Meanwhile, markets in Asia ended the dat mixed. European markets were trading lower led by losses in the German DAX, French CAC and the UK's FTSE were all lower in trade. Lower than expected inflation data added to the worries.

    Story first published: Thursday, July 31, 2014, 15:31 [IST]
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