For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Nifty Ends the Day Flat; Chinese Market Sees Steepest Fall In 5 Weeks

|

Nifty ended the day flat as Chinese markets saw the biggest drop in 5 weeks. The Nifty which was higher by almost 35 points in trade in the morning, dropped on news of the sudden fall in the Shanghai Composite, which ended 3.5 per cent lower, after dropping a huge 4.6 per cent in intra day trade.

The Sensex ended the day with 19.17 points, while the Nifty closed the day 9.95 points. The biggest losers were from the banking space with the bank index cracking on heavy selling pressure.

Nifty Ends the Day Flat; Chinese Market Sees Steepest Fall In 5 Weeks
Indices
Federal Bank, which reported a poor set of Q2 numbers was down 12 per cent, while other banking names like ICICI Bank, Canara Bank, Punjab National Bank and Bank of Baroda saw cuts of nearly 2 per cent.
 

IT Stocks managed to stay resilient with Infosys notching up gains, while Wipro was higher ahead of results to be declared later today.

Bajaj Auto was the biggest gainer from the Nifty after its profits rose sharply. MphasiS shares surged almost 10 per cent in trade after the company's net profits beat estimates.

Midcap stocks also saw losses, though select shares like Sanofi, UBL and Voltas gained ground. Meanwhile, markets across Europe were trading with gains, while Asia closed mixed, despite huge losses in the Shanghai Composite.

GoodReturms.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