Sensex Ends Lower Despite Strong IIP, Lower Inflation Data

Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    The Nifty ended the day lower on profit booking despite better than expected inflation and IIP data.

    The Sensex lost 159 points in trade, while the Nifty ended lower by 23 points in trade. Leading the set of gainers from the Nifty were stocks like ACC, which gained following reports of a hike in cement prices. Other stocks that gained ground in trade were Bhel, Jindal Steel, Mahindra and Mahindra, Cipla and Hindalco Industries.

    Stocks that lost ground in trade were DLF and Jaiprakash Associates. Shares in IndusInd Bank ended flat following a good set of results. PSU banking stocks saw some selling pressure in trade and profit booking after Monday's rally.

    Shares in Biocon gained ground after the company completed 10 percent stake sale in Syngene to IVF Trustee.

    Oil exploration major ONGC saw its shares drop sharply once again in trade with the stock dropping by almost 3 per cent in trade as Brent Crude continued to slide.

    Shares in Natco gained ground after Bristol-Myers Squibb and the company managed to settle a patent dispute.

    Meanwhile, markets in Asia ended the day higher while most of Europe was trading with gains.

    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'

    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