Published on 10/12/2019 3:59:17 PM | Source: Reuters

Nifty, Sensex end lower on profit taking; IT, state-owned banks top drags

Posted in Stock Market| #Sensex #Stock Market #NSE #BSE #Nifty

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BENGALURU - Indian shares ended lower on Tuesday, weighed down by information technology and state-owned bank stocks, as investors took profits in overbought shares toward the year end.

The NSE Nifty 50 index  fell 0.68% at 11,856.80 and the S&P BSE Sensex was 0.61% lower at 40,239.88 at the closing bell.

State-owned bank stocks were the day's top laggards with their Nifty index  closing down 1.6%. The country's largest lender by assets State Bank of India  was 1.11% lower at close.

The Nifty IT index  ended 1.39% lower with India's second-most valuable company Tata Consultancy Services  dropping by 2.15%.

Yes Bank  was the biggest loser among Nifty stocks, shedding 10.4%, while Bajaj Finance  was the top gainer, advancing 1.26%.

(Reporting by Derek Francis in Bengaluru; Editing by Rashmi Aich)