Markets halt seven-day rally; RIL, finance stocks weigh
The Hindu
The 30-share BSE benchmark failed to hold on the early gains and declined 287.70 points
Equity benchmarks ended lower on October 25, putting a break to their seven-day rally, amid weak Asian market cues and mixed trends from European stocks.
The 30-share BSE benchmark failed to hold on the early gains and declined 287.70 points or 0.48% to finish at 59,543.96. During the day, it hit a low of 59,489.02 and a high of 60,081.24.
On similar lines, the broader NSE Nifty fell 74.40 points or 0.42% to end at 17,656.35.
In the Sensex pack, Nestle India, Hindustan Unilever, Bajaj Finserv, Kotak Mahindra Bank, HDFC, Reliance Industries, Bajaj Finance and Asian Paints were among the major laggards.
Tech Mahindra, Maruti, Larsen & Toubro, Dr Reddy's, State Bank of India and NTPC were among the winners.
Elsewhere in Asia, markets in Seoul, Shanghai and Hong Kong ended lower, while Tokyo finished higher.
Stock exchanges in Europe were trading on a mixed note in mid-session deals. Wall Street had ended higher on Monday.
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