Markets End Flat; Chinese Markets Tank 6%

Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    Benchmark indices ended the day marginally lower despite solid gains in tech stocks on weak global cues, particularly from China. The Sensex ended the day lower by 47 points, while the Nifty dropped 11 points, even as the Chinese Shanghai Composite fell a huge 6 per cent.

    There were also worries that the monsoon deficit had widened. Check top Nifty gainers and losers

    Markets End Flat; Chinese Markets Tank 6%
    Indices
    Shares in tech stocks saw some buying support after a foreign brokerage upgraded Infosys after a meeting with the top management of the company.
     

    Top Sensex gainers were Infosys and TCS. Stocks from the Nifty that lost ground were Coal India, Gail, Hindalco and Vedanta.

    Shares in Sun TV fell a huge 5% after reports that the government has decided to challenge the decisions of the Madras and Delhi High Courts allowing Sun Group to participate in the FM radio phase-III auction.

    Eicher Motors gained ground after reports that it announced its first operating direct distribution subsidiary outside India, in North America.

    United Bank of India gained ground after the bank cut its key deposit rates. Shares in coffee producers like Tata Cofee and Tata Beverages soared after reports of the govt considering FDI in the plantation sector.

    Meanwhile, markets across Asia ended the day lower after the Shanghai Composite tanked a huge 6 per cent in trade.

    GoodReturns.in

    Read more about: sensex nifty infosys tcs tata global
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    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