Sensex, Nifty Fall For Third Day Dragged By L&T, ICICI Bank
Pedestrians walk past the Bombay Stock Exchange (BSE) building in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Sensex, Nifty Fall For Third Day Dragged By L&T, ICICI Bank

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Closing Bell: Sensex Ends 156 Points Lower; Nifty Settles Below 10,750

Indian equity benchmarks fell for third day in a row led by declines in Larsen & Toubro, HDFC and ICICI Bank.

The S&P BSE Sensex fell 0.43 percent or 156 points to 35,853.56 and the NSE Nifty 50 Index dropped 0.53 percent or 57 points to 10,738.

Seventeen of 19 sector gauges compiled by BSE ended lower led by S&P BSE Capital Goods Index's 1.93 percent decline. On the flipside, S&P BSE Healthcare Index was top gainer, up 0.38 percent.

Mid- and small-cap shares also witnessed selling pressure as the S&P BSE MidCap Index fell 0.44 percent and the S&P BSE SmallCap Index declined 0.5 percent.

Sensex, Nifty Fall For Third Day Dragged By L&T, ICICI Bank

Kotak Mahindra Bank Struggles Amid Block Deal

  • Kotak Mahindra Bank has 49.6 lakh shares change hands in a block. Stock down 0.66 percent at Rs 1,215.

Buyers and sellers were not immediately known

Source: Bloomberg

Jet Airways Extends Gain On Reports Naresh Goyal To Step Down

Shares of the Mumbai-based airline operator extended gains and rose as much as 18.61 percent, the most in two months, to Rs 300.85 after CNBC TV18 citing unidentified people reported that its chairman Naresh Goyal is likely to step down from the board of directors

Meanwhile, Etihad Airways is in talks to raise its stake in Jet Airways from currently 24 percent, BTVI reported, citing unidentified people familiar with the matter.

  • Etihad likely to have more say in operations, day-to-day management.
  • Naresh Goyal likely to step down for Jet Airways board
  • Deal may be announced soon
Sensex, Nifty Fall For Third Day Dragged By L&T, ICICI Bank

Also read: Etihad Agrees to Raise Stake in India's Jet to 49%, Report Says

NHPC Struggles Amid Block Deal

  • NHPC has 15.5 lakh shares change hands in a block deal. Stock down 0.20 percent at Rs 25.45.

Buyers and sellers were not immediately known

Source: Bloomberg

European Stocks Fall As China Data Sours, Treasuries Climb

Stocks dropped in Europe and Asia, with U.S. equity futures also declining as China trade data showed a worse-than-expected slump, reigniting concerns about global growth. Treasury yields slipped and the dollar held steady.

Sensex, Nifty Fall For Third Day Dragged By L&T, ICICI Bank
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