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Indian markets fail to cheer up on Thursday

India Blooms News Service | | Jul 21, 2016, at 10:36 pm

Mumbai, Jul 21 (IBNS): The Indian benchmark indices declined on Thursday largely due to under-performance by some leading stocks, especially from the banking sector, and weak cues from European markets, according to media reports.

Axis Bank, SBI, Bank of Baroda, ICICI Bank, Kotak Mahindra Bank, Power Grid, BHEL and Dr Reddy's were some of the key losers on Thursday.

Top gainers included Adani Ports, ACC, UltraTech Cement, Ambuja Cement, IndusInd Bank, Coal India, Bharti Airtel, Asain Paints and Wipro.

The market is still not sure about the outcome of the passage of the GST Bill during the monsoon session of the parliament, media reported.

Total Asset under Management (AUM) of the Nifty 50 Exchange Traded Funds (ETFs) surpassed the Rs 10,000 crore mark, which helped India’s benchmark index Nifty 50 to reach a new milestone, the NSE announced on Thursday.

#Sensex #Nifty #Indian stock market

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