Shruti tuli, King

Markets closed in the red for the sixth day in a row troubled by a series of defaults by DHFL and Cox and King and uninspiring quarterly results.Besides, investors have already been under pressure owing to the slowdown concerns, very visible in the performance of steel companies while the exodus of foreign funds seems to be nearing the sell-off in October last year.The Sensex closed 16.67 points lower at 37,830.98 from its Wednesday's close of 37,847.65, while the Nifty fell by 19.15 points to 11,252.15.Tata Motors saw its worst day on the bourses in nearly an year, ahead of its June quarter corporate results. The previous 2-3 quarters have been tough for auto companies who have been feeling the pinch of the consumption slowdown."We had a flat opening today owing to mixed global cues. However, during the first half an hour of the trade, we saw strong bout of buying to push the index near yesterday's high of 11359.75," said Sameet Chavan, Chief Analyst-Technical and Derivatives, Angel Broking."In fact, in this process, Nifty managed to surpass it by a small margin and then similar to recent trend, this lead got sold into. Thereafter, the index struggled throughout the remaining part of the day to eventually conclude the July series at a two month low," Chavan added.( With inputs from IANS )

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Delhi Car Blast

Bihar Assembly Election 2025

Stock Market News

Cricket News

Maharashtra News

Mumbai Local

Shruti TuliFOLLOW

Shruti tuli, Latest News

Business :Cox & Kings and the family of wealth destroyers

Apart from the general weakness in the financial markets at present, sharp fall in some prominent stocks have taken retail investors by surprise. ...

Entertainment :'It' is a love letter to childhood: Andy Muschietti

Director Andy Muschietti says author Stephen Kings horror novel "It" turned out to be a mirror of his awkwardness and insecurities while growing up. ...

Politics :Bhutan: People line the streets to bid adieu to PM Modi

Hundreds of people, some holding flags, the others offerings like incense sticks and flowers, lined the streets to bid farewell to Prime Minister Narendra Modi as he made his way to Paro from Thimphu after attending the lunch hosted by the Bhutanese ...

Business :Sensex ends lower for the 6th day; auto, steel scrips lose

Looking like the last day of the losing streak for the markets, Thursday's trading session, however, proved no different that the developments over the past five days. ...