Indian Stocks Trade Lower; European Markets Marginally Higher

Indian Stocks Trade Lower; European Markets Marginally Higher

Indian Stocks were trading lower on Monday after a positive start for the trading session. BSE Sensex was down by 58 points at 19281 and NSE Nifty was trading at 5862, down by 18 points at 2.36 pm IST. European markets have opened marginally positive.

Among major gainers in today’s trading session were UltraTechCement, ACC, BHEL and Jaiprakash Associates. Among major losers were HDFC Bank, IDFC, HDFC and NTPC.

GMR Infra has been granted stay in Male Airport contract case. Morgan Stanley has raised Indian GDP growth forecast. Troubles of Sahara group have increased after Supreme Court has condemned the company for not returning the money of investors by 30 November.

Bajaj Auto is expecting better volumes as a company looks at higher market share with 100cc motorbike launch.

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