Indian Markets close lower after volatile session on Thursday

Indian Stock markets closed in negative zone on Thursday. NSE Nifty lost 69 points to close at 3269 while BSE Sensex was down by 227 points at 10581. The markets were trading under pressure due to weakness in global markets. Japan’s Nikkei was among major losers with the index closing at 8458, down by 1089 points.

Major losers among Indian stocks were Oil and Gas, Metals and Auto Stocks. Among the sectors which closed marginally higher were Bank stocks and Consumer Durables.

Among major gainers in today’s session were Reliance Communications, HDFC, Real estate major DLF and Unitech.

Major losers were NALCO (down by 14.86%), Hindalco (down by 12.79%), Tata Motors (down by 11.15%), Suzlon Energy (down by 9.3%) and TCS (down by 8.86%).

Aban Offshore touched 52-week low of Rs 865. Among other major losers were Ansal Housing (touching a low of 51), Balrampur Chini (touched a low of 42.55), Bharat Forge (52-week low of 140), BHEL (52-week low of 1271) and Chennai Petro (low of 153).

Other stocks trading weak in today’s session were GMR Industries, GNFC, Grasim, HCL Info, Tech Mahindra, TV 18, Unitech, Wipro, Zee Entertainment, Torrent Power, Suzlon Energy, SAIL, Reliance Power, Reliance Infra, Reliance Industries, Reliance Communications, Reliance Capital, Punj Lloyd, Polaris, NIIT, NDTV, Jaiprakash Associates and Dabur India.

Banking major HDFC touched a 52-week low of Rs 1586. Among other banking counters which touched 52-week low were IndusInd Bank and Karnataka Bank.

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