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Nifty Ends Below 8000 Points; Markets Await GDP Data
Benchmark indices exhibited volatility in trade today, fluctuating between gains and losses with the Sensex and the Nifty finally ending the day with losses.
Global cues, particularly those from Europe were weak with lower closings in China. Individuals were also seen squaring-off their positions ahead of GDP data due later at 5.30 pm.
Check Sensex gainers and losers
Some of the heavyweights were responsible for today's losses including the likes of Reliance, Infosys and HDFC.
Nifty stocks that saw some buying interest were the likes of Sun Pharma and Cipla. GAIL and Coal India were the top gainers in trade along with NMDC.
Banking stocks continued to see some selling pressure with State Bank of India and ICICI Bank among the losers.
Bhel continued to see relentless selling pressure and was down once again. Realty stocks also fell after reports that the sector may face one of the worst demand in recent times.
Prestige Real Estates, DLF and Delta Corp were the big losers from the space. Meanwhile, the rupee was trading sharply lower at 66.37 to the dollar on month end demand.
European markets were seeing pretty hefty cuts of almost one per cent.
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