The major loser in the Nifty Auto index was Ashok Leyland (-5.95%) followed by TCS Motors, Apollo Tyres, Bosch, and M&M, with falls between 1.74 to 2.72% in range.
Sensex, Nifty indices, after having risen in the morning session, closed lower pulled by metal stocks. Further, US-China trade concerns on the global market added to the investor's sentiments.
The National Stock exchange (NSE) and the Bombay Stock Exchange (BSE) as well as the wholesale & commodity markets, commodity futures, metals and bullion, and the forex markets will not conduct any kind of trading on Tuesday, 8 October, as India observes Dussehra (Vijayadashmi) festival.
Indian stocks closed lower on Monday led by losses in pharma, metal and Energy stocks. The benchmarks came out with selling after the Central Bank in its October monetary policy slashed FY20 GDP growth forecast to 6.1-pc from 6.9-pc earlier.
During market hours on Thursday, the private lender IndusInd Bank reported a 52.2-pc increase in the consolidated net profit of the Bank at Rs.1400.96-Cr for the September quarter of the FY 2019-20
Major benchmark indices closed lower in Thursday's session after an emphatic rally in the previous day. Todays' market actions were led by the falls in bank names...
Among the stocks to watch in trade on Thursday, 10-October include Indiabulls-Housing, Lakshmi Vilas Bank, TCS, IndusInd Bank and Bharti Airtel, in the light of their latest company updates:
Vedanta, Tata Steel, Hindalco, JSW Steel and Coal India were among major Nifty gainers, whereas Cipla, TCS, TechMahindra, Bharti Airtel and IOC led the losses.
Tata Motors shares were trading on the upper level on the NSE & BSE today. Shares of the company started trading at Rs.122 today on the NSE. It was reported that JaguarLandRover (JLR), the largest subsidiary of Tata Motors, has a good market in China and the US
Markets would track stocks of WIPRO, ACC, RIIL, TV18 Broadcast and Karnataka Bank which are among a few top companies scheduled to report their September-quarter (Q2FY20) results on Tuesday, 15th October 2019.