Markets End Lower On Profit Booking; All Eyes On Global Central Banks, GST

Business

oi-Sunil Fernandes

By Sunil Fernandes

Updated: Tuesday, July 26, 2016, 15:38 [IST]

Markets ended the day lower on profit booking after a spectacular rally seen on Monday. Global markets were also weakish ahead of key central bank meetings in the US and Japan.

The US Fed would conclude its 2-day meeting and the statement would assume importance particularly on the timelines of a future rate hike.

The Sensex ended the day with losses of 148 points, while the Nifty dropped 48 points in trade. Leading the set of losers were ICICI Bank, Hindalco, Coal India and Hero Motor Corp.

The biggest gainers were Axis Bank, which jumped 2 per cent, after reports that there maybe no stressed assets at the bank in the coming quarters.

Among the other gainers were Tata Steel and Reliance Industries. Shares in Bajaj Auto saw a smart jump of 10 per cent, after the company's Q1 profit was up 54 per cent and the board approved a stock split an a bonus.

From the non index stocks, KG Denim saw its Q1 net profit at Rs 9.3 crore versus Rs 1.6 crore. The stock ended trade higher by 10 per cent.

Himalya International saw its share price jump 10 per cent after the company's net loss narrowed to Rs 0.4 crore versus loss of Rs 3.5 crore (YoY).

Claris Life ended the day marginally lower despite the company's ANDA nod for Bupivacaine injection.

Adani Transmission was higher after the company signed a purchase agreement with Credit Suisse Singapore for masala bonds of Rs 500 crores.

Meanwhile, markets across Europe were trading flat, while most of Asia ended the day with gains.

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