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Indian stocks end on a weak note
Tue, 21 Jul Closing

After hovering around the dotted line for most part of the day, the Indian markets closed the day on a dismal note as profit booking took toll in the final hour of trade. The Sensex ended lower by 237 points while the NSE-Nifty ended lower by 74 points. The BSE Mid Cap and BSE Small Cap stocks ended the day, trading lower by 1.42% and 1.59% respectively.

Asian markets closed on a positive note at the most recent closing prices. Nikkei gained 0.93%, while the Hang Seng gained 0.52%. The rupee was trading at 63.57 against the US$ in the post noon session.

Stocks in the FMCG sector ended the day on a negative note with Pidilite Industries and Gillette India bearing the brunt. Hindustan Unilever Limited (HUL) reported its numbers for the quarter ending June 2015. The company's net sales climbed 5% YoY. At the operating levels, the figure was up by about 14% YoY as margins expanded on the back of lower input costs. However, profits came in flat on account of lower other and extraordinary income. The stock of HUL ended the day on a negative note.

Stocks in the banking sector ended the day on a negative note with Indian Bank leading and Union Bank bearing the brunt. HDFC Bank, the country's second largest private sector lender, today reported a 21% rise in net profit led by an increase in net interest income and robust other income. Net interest income increased by 23.5% during the quarter ended June as compared to the same period a year ago. The Gross Non Performing Assets (NPA) for the June quarter rose sequentially but improved on a year-on-year basis. Other income, which includes fees, commissions etc, grew by 33% during the quarter. The bank's stock ended the day on a negative note.

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Nov 24, 2017 (Close)

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