Weak Global Cues Drag Nifty Lower For 7th Straight Trading Day

Subscribe to GoodReturns
For Quick Alerts
Subscribe Now  
For Quick Alerts
For Daily Alerts

    The Nifty fell for the 7th straight day dragged down by weak global cues, particularly from Europe where worries over Greece continued to haunt markets.

    Weak Global Cues Drag Nifty Lower For 7th Straight Trading Day
    The Nifty closed lower by 21 points, while the Sensex closed the day lower by 41 points. Leading the set of losers from the Nifty were pharma stocks led by Cipla, Sun Pharma and Dr Reddy's.

    Shares in Nestle India and Sun TV which had fallen sharply in trade on Monday recovered lost ground. Cairn India was weak in trade after reports of a likely merger with metals and mining major Vedanta.

    Tata Steel also ended the day sharply lower after reports of a possible strike by Unions at its UK plant.

    Bharat Forge fell a huge 15 per cent in intra day trading, but recovered later to still close in the red. It ended the day almost 3 per cent lower.

    Shares in Punjab National Bank and Canara Bank hit a 52-week low on sustained selling pressure. Unitech lost heavy ground after reports that the company lost a case against buyers of Gurgaon project at National Consumer Disputes Redressal Commission (NCDRC).

    Meanwhile, markets across Europe saw heavy selling pressure on worries over Greece. Fears that interest rates in the US would rise earlier than expected also rattled global markets.


    Read more about: nifty sensex
    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