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Sensex Ends Lower; Eros Media Entertainment Crashes 18%

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Benchmark indices ended the day lower as profit booking in select counters dragged the indices lower. Asian markets ended the day mostly higher as investors lapped up shares, following a cut in interest rates in China.

The Sensex ended the day lower by 109 points, while the Nifty fell 35 points in trade. Leading the set of losers were Coal India, Bharti Airtel and Reliance.

Sensex Ends Lower; Eros Media Entertainment Crashes 18%
Shares in HDFC fell following its Q2 numbers, which were in line with street estimates. Nifty stocks that gained were Bhel, Vedanta, Bajaj Auto, Tata Steel and Maruti.
 

GSFC shares jumped 9.4 pct after the fertilizer company reported a rise of 14.7 pct in net profits for the September quarter.

Bajaj Auto, which reported a good set of quarterly numbers continued to see buying interest. The biggest loser in trade today was Eros International after Wells Fargo raised questions about US-listed Eros' increase in revenues from the UAE.

Eros' shares fell on the NYSE and its Indian subsidiary, Eros Media dived on the BSE by a huge 18 per cent.

Force Motors' was the star in trade today, rallying 4% after the company's Q2 net profits were up 65.4 percent at Rs 42.5 crore.

Asian Paints tanked 5% after its results disappointed the street. It was the biggest loser from the Nifty space.

Meanwhile, markets across Europe were trading mixed. The German DAX was higher in trade, while the UK's FTSE and the French CAC were lower.

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