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Indian benchmark indices decline on Tuesday, Tata group company stocks dip

India Blooms News Service | 25 Oct 2016, 09:55 pm
Mumbai, Oct 25 (IBNS): Stocks of Tata companies expectedly reflected the market's concern and slipped on Tuesday following the ouster of group chairman Cyrus Mistry and the return of Ratan Tata as the interim chairman, according to media reports.

Among the Tata Group companies, Tata Steel was the top percentage loser on the broader NSE Nifty, shedding 2.5 percent, while others such as Tata Power, Tata Consultancy Services and Tata Motors also dropped between 1 and 2 per cent, reported NDTV.

The Indian benchmark indices too recorded a fall at close of business on Tuesday with Sensex down 87.66 points at 28091.42 and  Nifty down 17.65 points at 8691.30.

Some of the key stocks that gained on Tuesday were Adani Ports, Dr Reddy's Labs, Asian Paints, ICICI Bank and Axis Bank while M&M, Tata Steel, GAIL, HUL and ONGC declined.



 

Indian benchmark indices decline on Tuesday, Tata group company stocks dip

India Blooms News Service
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