Indian Markets ended lower on Wednesday amid weak European Cues - LuvKush Finserve

Markets ended lower on Wednesday, amid weak European cues, as investors turned cautious and booked profits ahead of the release of Fed minutes and Infosys' first quarter earnings on Friday. The Sensex ended down 145 points at 19,294 and the Nifty ended down 42 points at 5,817.

The rupee was trading tad higher at 60 versus its previous close of 60.14 as dollar demand from importers was offset by selling from foreign banks.

The BSE Oil and Gas index was the top sectoral loser on the BSE down 1.8% followed by Auto, Realty, Capital Goods, Power, Metal and FMCG indices. Reliance Ind ended down nearly 2% at Rs 856 on talk that the government has directed them to supply outstanding gas at the old rate of $4.2 per mmBtu.

FMCG shares also witnessed profit taking after recent gains. ITC ended down 0.4% while Hindustan Unilever ended 1.6% down after the stock turned ex-dividend. The company paid a final dividend of Rs 6/ per equity share for the last fiscal.

Other Sensex losers include, HDFC Bank, Tata Motors, Mahindra and Mahindra. Software shares such as TCS, Infosys and Wipro were among the top Sensex gainers. In the broader market, the BSE Mid-cap index ended down 0.4% and the Small-cap index ended flat.

Source : Equity Bulls

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