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Indian benchmarks end lower on Friday

India Blooms News Service | | Apr 22, 2016, at 10:23 pm

#Indian benchmarks end lower # benchmarks end lower

Mumbai, Apr 22 (IBNS) Indian benchmarks ended lower at close of business on Friday, with the Sensex down 42.24 points at 25838.14, and the Nifty down 12.75 points at 7899.30, largely due to weak cues from global markets.

Some of the notable companies that were gainers on Friday were Maruti, SBI, ONGC, NTPC, Bank of Baroda and Axis Bank, But HUL, HDFC, Sun Pharma, ITC, Asian Paints and Infosys saw a decline in their share prices.

According to media reports, the Union Government on Friday invited bids from merchant bankers as it plans to divest 10 percent stake in blue-chip NMDC, which could bring nearly Rs 3,900 crore to the government exchequer. The last day for submitting the bids is May 16.

Asian markets ended mostly lower on Friday largely due to disappointing earnings updates from some of the US companies but the slide was checked by a rebound in oil prices, according to reports.

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