Sensex Ends 250 Points Lower; Metal And Auto Stocks Witness Selling

Indian share markets witnessed most of the selling pressure during closing hours and ended their trading session on a negative note. All sectoral indices ended on a negative note with metal stocks, auto stocks, and healthcare stocks losing the most.

At the closing bell, the BSE Sensex stood lower by 250 points (down 0.7%) and the NSE Nifty closed down by 85 points (down 0.7%). The BSE Mid Cap index and the BSE Small Cap index ended the day down by 1.2%.

The rupee was trading at 70.55 against the US$.

Asian stock markets finished on a negative note. As of the most recent closing prices, the Hang Seng was down by 1.6% and the Shanghai Composite was down by 0.6%. The Nikkei 225 was down 0.5%.

In the news from the engineering space, L&T share price was in focus today as the company's construction arm - L&T Construction has won orders worth Rs 21 billion across two business segments.

The company's Water and Effluent Treatment Business has secured orders worth Rs 19.5 billion from the Andhra Pradesh Capital Region Development Authority (AP CRDA) for investigation, design E and construction of roads, bridges, storm water drains, water supply, sewerage, utility ducts for power & ICT, reuse waterline, avenue plantation and artificial water body compatible with trunk infrastructure in layouts for in Amaravati Capital City in Andhra Pradesh.

The business has also secured a turnkey order from the Jharkhand Urban Infrastructure Development Company (JUIDCO) for the execution of drinking water supply projects in the Hazaribagh and Ranchi districts of Jharkhand.

Moving on to the news from the pharma space, Lupin share price was in focus today as the United States Food and Drug Administration (USFDA) completed inspections at Lupin's Mandideep location.

Lupin's Mandideep location houses the company's cardiovascular 'Pril' API facilities, Cephalosporin API facilities and Cephalosporin Solid Oral Dosage Form facility.

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Disclosure: Equitymaster Agora Research Private Limited (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. ...

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