Indian Markets continue losing streak - LuvKush Finserve

Markets continued its losing streak for the fifth consecutive day on account of weak global cues and profit booking in heavyweights like ITC, Reliance Industries and ICICI Bank.

The Sensex closed down 91 points at 19,660 and the Nifty slipped 30 points at 5,957. The broader markers were no different with both the midcap and the smallcap losing 0.6% and 1% respectively. Apart from Health Care index up 0.9%, all the other indices ended in the negative.

The major losers were Consumer Durables, FMCG, Power, Metal, Oil & Gas and Bankex which slid 0.6-1.5%. The gains in Sun Pharma up 4% which was the top Sensex gainer followed by Biocon, Glaxosmithkline Pharma and Aurobindo Pharma helped the Health Care index remain in the positive zone.

The other notable gainers among the Sensex stocks were Gail India, Bajaj Auto, SBI and TCS up 0.5-1.6%. On the other hand, BHEL, Bharti Airtel, Sterlite, Tata Motors, ITC, Tata Power, Hero MotoCorp, ICICI Bank, Jindal Steel, Reliance Industries and Dr Reddys Lab weighed on the benchmark index, down 1-3%.

Source : Equity Bulls

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