Sensex posts fourth consecutive session of falls

Markets reel under global worries shell firm order

Markets reel under global worries shell firm order

Tata Motors emerged as the top loser among Sensex constituents by slumping 8.60 per cent after the company's June quarter earnings failed to meet market expectations.

On BSE, 363 stocks were advancing whereas 2,211 stocks were lagging when markets closed. Meanwhile, the Nifty was trading lower by 17.60 points or 0.18% at 9,890.45 with 38 components falling.

The Bombay Stock Exchange Sensex plunged 267 points to end at 31,531, and the National Stock Exchange Nifty closed 88 points lower at 9,820.

The Nifty50 fell by 78.85 points or 0.78 per cent to close at 9,978.55 points, while the Sensex closed at 32,014.19 points - down 259.48 points, or 0.80 per cent.

In terms of the broader markets, the S&P BSE mid-cap index declined by 2.64 per cent and the small-cap index by 3.60 per cent.

"Indian equities extended losses for the fourth straight session taking lead from Asian markets, which traded in negative, following lower closing on the Wall Street".

The dollar held steady against the yen and U.S. Treasury bond prices fell slightly, while oil futures added to gains from the previous session after data showed U.S. crude inventories fell more than expected.

While rupee surged over 0.150 paisa or 0.23% as against United States dollar trading at 64.055.

Besides Nifty Pharma, auto and PSU bank indices also cracked over 2 per cent.

The Mumbai, India-based company said it had profit of 73 cents per share.

Tata Motors shares have fallen nearly 9 percent since the beginning of the year.

On the other hand, Dr Reddy'S Laboratories (1.47%), Infosys (1.10%), Axis Bank (0.89%), Housing Development Finance Corporation (0.79%), Hero Motocorp (0.66%), and Sun Pharmaceutical Industries (0.57%) were the major gainers in the Sensex. Eicher Motors, ONGC, Tata Power and SBI fell up to 1 per cent while Tata Motors was down 4 per cent.

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