For Quick Alerts
For Daily Alerts

    Sensex, Nifty Trade Lower on Weak Global Cues


    Benchmark indices opened the day lower as weak global cues continued to weigh on the markets. The Sensex was trading lower by 77 points, while the Nifty was down 18 points in trade.

    Sensex, Nifty Trade Lower on Weak Global Cues
    Leading the set of losers from the Nifty were banking stocks like ICICI Bank, Yes Bank and State Bank of India. Most of the PSU banking stocks that were hammered out of shape saw some buying interest at lower levels. Punjab National Bank and State Bank of India some buying interest at lower levels.

    Coal India was down another 2 per cent in trade after the government successfully completed its stake sale in the company. ICICI Bank which reported a poor set of results on Friday continued to grind lower in trade.

    Bank of Baroda continue to fall and was down 2 per cent after a poor set of results declared on Friday. IT stocks were having a good day in trade with HCL tech trading higher by another 3 per cent in trade after the company reported a good set of quarterly numbers.

    Other stocks that gained ground in trade were Sun Pharma which rallied a huge 3 per cent in trade.

    Meanwhile, most of the Asian markets were trading lower on poor global cues. Markets in India are expected to be volatile ahead of the RBI's Monetary policy to be declared later on Tuesday.

    Read more about: sensex nifty
    Story first published: Monday, February 2, 2015, 9:33 [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