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Indian markets disappoint on Tuesday

| | Aug 16, 2016, at 09:48 pm
#Sensex #Nifty #Indian stock market #July WPI #food inflation
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.

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