Benchmark indices traded weak for the fourth consecutive day and ended lower ahead of GST Bill passage process due in the upper house as investors are waiting for any concrete decision on GST Bil, also the weak global cues dragged the market to close at weak low. Nifty ended the session with 78 points down to close at 8544.85.
Hcl tech, Infratel, Cipla and Asian Paints were the top gainers of the day while BHEL.ITC, Tata motors were the top losers of the day.
Global Markets Update:
- World stocks fell for a third straight day depressed by growing nervousness surrounding central bank policy and the recent spike in world bond yields.
- The head of Volkswagen China operations, said a planned expiry of tax breaks for small engine cars would hit its sales in the country next year, adding that the auto industry was keen to see an extension of the measure.
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