Markets End Lower As Global Cues Continue To Remain Weak
Benchmark indices ended the day lower for the third straight day, as persistent selling pressure in frontline stocks dragged the indices lower.
Adani Ports was the biggest loser in trade despite reporting a good set of quarterly numbers.
The stock ended the day lower by a huge 12 per cent, after reports that the company was planning equity dilution and was seeking shareholders nod.
Speciality Restaurants ended the day lower by 2 per cent after reports that the company had temporarily suspended the operations of "Sigree Global Grill", Bengaluru.
NMDC on the other hand dropped after the company reduced the prices of iron ore. The stock ended 2 per cent lower.
HDFC was the top gainer in trade with NTPC and HCL Technologies among the other gainers.
The midcap index saw some serious selling pressure with stocks from the PSU banking space being the worst hit.
Canara Bank, Union Bank and Syndicate Bank saw substantial cuts. Meanwhile, markets across Europe were trading with losses of near half a per cent.
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