Indian share markets witnessed intense selling pressure in the afternoon session and finished deep in red as economic data failed to boost market sentiments amid weak European markets.
At the closing bell, the BSE Sensex closed lower by 316 points and the NSE Nifty finished lower by 105 points. The S&P BSE Mid Cap finished down by 1% while S&P BSE Small Cap finished down by 1.2%. Losses were largely seen in metal sector, realty sector and energy sector.
Asian stock markets finished mixed as of the most recent closing prices. The Nikkei 225 gained 0.41% and the Shanghai Composite rose 0.01%. The Hang Seng lost 0.35%. European markets are lower today. The DAX is down 1.06% while the CAC 40 is down 0.96%. The FTSE 100 is off 0.22%.
Rupee was trading at Rs 64.43 against the US$ in the afternoon session. Oil prices were trading at US$ 57.72 at the time of writing.
In news from the automobile sector, Ashok Leyland share price surged 2.2% in today’s trade after the company reported a jump of 51% in November sales to 14,460 units, as against 9,574 units sold in the same month of last year.
The company reported a rise of 54% in its medium and heavy commercial vehicle (M&HCV) products segment to 10,641 units in November 2017, as compared to 6,928 units in November 2016.
The light commercial vehicle (LCV) segment of the company registered sales of 3,819 units in November, a jump of 44%, as compared to 2,646 units sold in November 2016.
Meanwhile, Maruti Suzuki India Ltd a 14.3% year-on-year rise in domestic sales to 144,297 units for the month of November.
Having surpassed Mahindra and Mahindra Ltd as India’s largest utility vehicle maker in July, Maruti posted a 34% rise over the year ago in this segment to clock 23,072 units. The S-Cross and Vitara Brezza have found favour with consumers as compact SUVs.
