Sensex Ends 86 Points Lower; Capital Goods And Telecom Stocks Witness Selling

India share markets witnessed selling pressure during closing hours and ended their volatile day on a negative note.

At the closing bell, the BSE Sensex stood lower by 86 points (down 0.2%) and the NSE Nifty closed down by 30 points (down 0.3%).

The BSE Mid Cap index ended the day up 0.4%, while the BSE Small Cap index ended the day up 0.2%.

Sectoral indices ended on a negative note with stocks in the capital goods sector and telecom sector witnessing most of the selling pressure.

The rupee was trading at 68.62 against the US$.

Asian stock markets finished on a positive note. As of the most recent closing prices, the Hang Seng was up by 0.1% and the Shanghai Composite was up by 0.4%. The Nikkei 225 was up 0.2%.

European markets were also trading on a positive note. The FTSE 100 was up by 0.27%. The DAX was trading up by 0.04%, while the CAC 40 was up by 0.61%.

Speaking of the current mood in Indian share markets, the post-budget reaction saw a negative reaction from the market participants.

Most of the losses came as the Union Budget failed in offering bold plans and a clear roadmap for propping up the economy.

While the markets gave a thumbs-down to the Budget, Tanushree Banerjee's Rebirth of India call remains intact.

In the video, she explains how investors could continue to make the most of the irreversible trends and India's US$ 5 trillion potential.

In the news from the banking spaceIndusInd Bank share price was in focus today as the private sector lender reported a healthy growth in June quarter earnings after the merger of Bharat Financial Inclusion with itself. The numbers are not comparable on a year-on-year (YoY) basis due to this development.

During the quarter, net profit of combined entity stood at Rs 14.3 billion for the quarter ended June 2019.

Net interest income (NII), the difference between interest earned and interest expended, grew by 34% YoY at Rs 28.4 billion.

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