8.1 C
New York
Sunday, October 24, 2021

Indian shares end lower as government faces no-trust motion

Indian shares end lower as government faces no-trust motion

Indian shares ended lower on Wednesday, paring gains from earlier in the session, after the opposition parties tabled a no-confidence motion against Prime Minister Narendra Modi’s government.

The broader NSE index closed 0.25 percent lower at 10,980.45, while the benchmark BSE index was down 0.4 percent at 36,373.44. The BSE index touched a record-high of 36,747.87 in early trade.

Material stocks were the biggest drag on the indexes with Nifty Metal index dropping 3.2 percent. Tata Steel Ltd ended 5.3 percent lower.

Consumer stocks also fell with Hindustan Unilever Ltd finishing 2.3 percent lower.

Copyright Reuters, 2018

Source: Brecorder

Related Articles

Stay Connected

10,835FansLike
12,893FollowersFollow
756FollowersFollow
- Advertisement -

Latest Articles

Popular Articles