Sensex sheds 55 points on weak global cues; Nifty down 14 points

Our Bureau Mumbai | Updated on March 12, 2018 Published on June 25, 2014

Continued violence in Iraq dampen investor sentiment

Sensex lost 55 points on the back of profit booking.

The benchmark index opened on the higher side at 25,421 against the previous close of 25,369. It made a high of 25,428 and low of 25,274 before closing at 25,314.

Turnover on BSE was down at Rs 3,222 crore against the previous close of Rs 3,608 crore.

On NSE, Nifty was down 11 points at 7,569.

Shares of automobile companies rose after Finance Minister Arun Jaitley extended the concession on excise duty for automobiles, capital goods and consumer goods till December end.

TCS was up 0.24 per cent at Rs 2,310. The company said during market hours that it has been selected by Dutch insurance firm, Reaal NV, to develop and modernise the mainframe applications and servicing the company's life insurance portfolio. The five-year engagement will focus on building a scalable and best technology platform for Reaal as it looks to increase agility across the business, said TCS.

Auto companies that gained on BSE include Maruti Suzuki India (up 3%), Mahindra and Mahindra (up 0.27%) and Tata Motors (up 0.28%).

Major gainers of the day include Engineers India (7%), National Alum (6%), Ashok Leyland (6%), Britannia Inds (6%), IRB Infra (6%), Indian Hotels (5%) and Bharat Elect (5%).

Prominent losers were Yes Bank (-3%), Petronet LNG (-3%), Idea Cellular (-3%) and Suzlon Energy (-2.45%).

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Published on June 25, 2014
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