Markets End Lower On Weak Global Cues

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Markets began the week on a bearish note, with heavyweights like ITC dragging the indices lower. Weak global cues from Europe also pushed markets lower with the Sensex ending the day with losses of 49 points, while the Nifty shed 7 points in trade.

Hindalco and Vedanta were the top losers after both the companies are to be replaced in the Sensex from Dec 21.

Markets End Lower On Weak Global Cues
Nifty gainers in trade were Bajaj Auto, Hero Motor Corp, Lupin, Dr Reddy's and Gail. Asian Paints and Adani Ports gained ground after both the company stocks are to be included in the Sensex later next month.

The mid cap index ended the day flat, though Jindal Steel lost as much as 5 per cent, and Page Industries dropped as much as 2 per cent.

Arshiya International gained after promoters' stake was increased to 75% from 72.5% post preferential share allotment.

Shares in SeQuent Scientific jumped after reports that subsidiary Alivira will acquire Topkim, Turkey. Banking stocks ended the day with gains, with ICICI Bank, Axis Bank and Federal bank seeing good buying support.

Meanwhile, markets across Asia ended the day with gains, while European markets were trading with marginal losses.

Read more about: sensex, nifty
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