Sensex Ends 334 Points Lower; Tata Motors And Adani Ports Among Top Nifty Losers

Indian share markets witnessed volatile trading activity throughout the day today and ended lower.

Benchmark indices erased early gains and ended the day in the red amid muted investor sentiments across global markets.

At the closing bell, the BSE Sensex stood lower by 334 points (down 0.6%).

Meanwhile, the NSE Nifty closed lower by 105 points (down 0.7%).

Power Grid Corp and SBI Life Insurance were among the top gainers today.

Tata Motors and Adani Ports, on the other hand, were among the top losers today.

The SGX Nifty was trading at 15,675, down by 89 points, at the time of writing.

The BSE MidCap index and the BSE SmallCap index ended down by 0.7% and 1%, respectively.

Sectoral indices ended on a negative note with stocks in the energy sector, oil & gas sector, and realty sector witnessing most of the selling pressure.

Power stocks, on the other hand, witnessed buying interest.

Shares of Team Lease Services and Varun Beverages hit their respective 52-week highs today.

Asian stock markets ended on a mixed note today.

The Hang Seng ended down by 0.1%, while the Shanghai Composite ended the day up by 0.3%.

The Nikkei ended down by 0.4% in today's session.

US stock futures are trading on a flat note today with the Dow Futures trading down by 14 points.

The rupee is trading at 72.98 against the US$.

Gold prices for the latest contract on MCX are trading down by 0.1% at Rs 49,073 per 10 grams.

In news from the engineering sector, Videocon Industries was among the top buzzing stocks today.

Shares of debt-ridden Videocon Industries hit the upper circuit today after the National Company Law Tribunal (NCLT) approved the resolution plan of Twin Star Technologies.

Twin Star Technologies is a Vedanta Group company led by mining magnate Anil Agarwal. It is set to acquire the bankrupt Videocon Industries.

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Disclosure: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research ...

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