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Indian markets decline on Tuesday

Indian markets decline on Tuesday

India Blooms News Service | | 02 Aug 2016, 05:35 pm
Mumbai, Aug 2 (IBNS): Indian benchmark indices failed to cling to their early gains on Tuesday and ended lower, with Sensex down 21.41 points to 27981.71 and NSE down 13.65 points to 8622.90.

Selling in European stocks and the final outcome of the  GST Bill in Parliament weighed on investors' minds at close of business on Tuesday.

Foreign institutional investors bought more than Rs 11,000 crore worth of equity shares in July against Rs 5,174 crore bought in June, according to media reports.

Key gainers on Tuesday included ITC, Hero Motocorp, Maruti Suzuki,Tech Mahindra and ONGC while ICICI Bank, HDFC, Adani Ports, Bharti Airtel, Wipro, Cipla, Lupin, Tata Motors and BHEL ended among the losers.

The Competition Commission of India imposed penalty of Rs 73 crore on Lupin due to anti-competitive practice in Karnataka.

 

Image: Wikimedia Commons

 

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