Indian Markets end lower amid weak European Cues - LuvKush Finserve

Markets ended lower on Tuesday, amid weak European cues, after profit taking in late trades was seen in autos and select bank shares. The 30-share Sensex ended down 112 points at 20,112 and the 50-share Nifty closed 43 points lower at 6,114.

Brokerage firm Barclays Capital lowered India's growth forecast to 6% for 2013-14, from earlier projection of 6.2%, citing "recent disappointments" in economic activity.

The BSE Realty index was the top loser down 2.6% followed by Auto, Power, Healthcare, Capital Goods, Bankex, FMCG and Metal indices.

Auto stocks continued to remain the top losers in the Sensex after profit taking was seen at higher levels after recent gains. Tata Motors ended down 3.1% at Rs 293 while Bajaj Auto, Hero MotoCorp, Maruti Suzuki and M&M ended down 0.5-2.5% each.

Other Sensex losers include, SBI, HDFC Bank, ITC, NTPC and ONGC which ended down 1-2% each. IT shares firmed up amid a weak rupee.

Among Sensex gainers, Infosys and TCS ended up 1% each. Coal India ended up 2% at Rs 307 after reporting a nearly 90-percent jump in standalone net profit at Rs 2,320.61 crore for the fourth quarter ended March 31. The BSE Mid-cap slipped 0.6% and Small-cap index ended down 0.4%.

Source : Equity Bulls

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