March 29, 2024 02:38 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
PM Modi has mastered art of manipulating democracy, hurting Constitution: Mallikarjun Kharge | Mafia-turned-politician Mukhtar Ansari dies of cardiac arrest at 63 | NIA arrests key conspirator in Bengaluru cafe blast case | Actor Govinda returns to politics after 14 years of 'vanvas', joins Eknath Shinde camp | 'To browbeat and bully others is vintage Congress culture': PM posts after 600 lawyers write to CJI

Indian markets disappoint on Tuesday

India Blooms News Service | | 16 Aug 2016, 04:18 pm
Mumbai, Aug 16 (IBNS): The day after I-Day did not prove to be lucky for the Indian market as the market endedTuesday in the red, with Sensex down 87.79 points to 28064.61 and Nifty down 29.60 points to 8642.55.
According to media reports, disappointing macroeconomic data and weak trends in Asian markets were largely responsible for the decline.
 
Overall, IT, consumer durables, capital goods, auto and healthcare sectors could not put in a satisfactory performance.
 
Stock prices also fell on the news that India's July WPI rose to a two-year high of 3.55 per cent.
 
Infosys shares fell to their lowest since December 9, 2015 after the Royal Bank of Scotland (RBS) cancelled a contract to provide IT services to set up a separate Bnk in the UK, media reported.
 
On Tuesday, Cipla, Adani Ports, Tata Steel, SBI and L&T were some of the key gainers while Sun Pharma, Tata Motors, TCS, HDFC and Wipro were some of the key losers.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.