Sensex, Nifty end lower; HDFC, Coal India fall

Posted By:
Subscribe to GoodReturns

Sensex, Nifty end lower; HDFC, Coal India fall
The Sensex and the Nifty ended the day lower led by declines in heavyweight HDFC, ICICI Bank and Tata Motors. The Sensex ended the day lower by 59 points, while the Nifty closed the day lower by 9 points.

State Bank of India, Larsen and Toubro and ONGC were among the few Nifty gainers in trade. Shares in Bhushan Steel were locked at the upper end of the circuit filter for the third straight day. DLF which had fallen on Thursday following the High Court verdict on land in Gurgaon recovered lost ground and ended the day higher.

The Bank Nifty ended the day with losses led by private sector banking stocks like ICICI Bank and HDFC. Asian Paints and Bajaj Auto continued to see buying interest in trade.

United Breweries ended the day higher on reports that the company acquired brewery assets of Pacific Spirits for Rs 105 crore.

Select mid cap stocks saw huge selling pressure. IFCI was down 4 per cent, while other stocks from the space that lost ground were Jubilant Foods and Reliance Communications.

L&T had a good day in trade after the company won a Rs 5,100 crore super- critical power plant order, to set up 1320 MW thermal power project in MP.

Meanwhile, markets in Europe were trading marginally higher with the German DAX and the French CAC higher in trade.

Read more about: sensex, nifty, icici bank, tata motors, hdfc, ongc
Story first published: Friday, September 5, 2014, 15:29 [IST]
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'


Get Latest News alerts from Goodreturns