INSUBCONTINENT EXCLUSIVE:
Hindustan Unilever, ICICI Bank and ITC were among main contributors to the losses in Sensex.Domestic equity indices erased all its early
Domestic stock markets posted fourth straight session fall due to widespread selling in FMCG, realty, power and banks stocks amid the rupee
the NSE Nifty 101.50.Main losers on Sensex pack in the session were Hindustan Unilever (-4.58%), Power Grid (-2.92%), Axis Bank (-2.69%),
ICICI Bank (-2.51%), ITC (-2.01%), Mahindra Mahindra (-2.00%)
Hindustan Unilever, ICICI Bank and ITC were among main contributors to the losses in Sensex
Main laggards on Nifty pack were Bajaj Finance (-4.78%), Hindustan Unilever (-4.51%), Power Grid (-3.62%), Axis Bank (-2.86%) and ITC
(-2.61%).The Indian rupee collapsed to a new lifetime low of 71.10 in intra-day trade today, raising concerns on the macroeconomic front
Country's manufacturing sector activity also eased for the second consecutive month in August."GDP (Gross Domestic Product) data numbers
are quite positive which led to early gains in domestic indices today
However, profit-booking, amid selling in banking stocks and weak global cues pulled the key domestic indices lower in later trade today",
said Siddharth Sedani, Vice President, Equity Advisor, Anand Rathi Share and Stock Brokers while speaking to TheIndianSubcontinent.Weakening
Asian stocks dropped for the third consecutive session on Monday, hit by worries over further escalation of the US-China trade war and
Auto (+0.68%), HDFC Bank (+0.58%), Sun Pharma (+0.57%), Coal India (+0.47%) and Vedanta (+0.44%)
Dr Reddy's (+3.85%), Wipro (+2.62%), Eicher Motors (+2.34%), Titan (+2.20%) and Hindustan Petroleum (+1.26%) led the pack of Nifty
gainers.Shares of software major Wipro Ltd rose as much as 8 per cent on Monday in their biggest intraday gain since July 2013 after the
company said on Sunday it had won a contact worth more than $1.5 billion (Rs
cent in the April-June period
That marked the highest level of economic growth recorded since the January-March period in 2016
