Indian shares erase gains, close weaker for 6th day

Usama Fayyaz July 25, 2019

BENGALURU: Indian shares failed to hold early gains and ended lower for a sixth straight session on Thursday, pressured by losses in conglomerate Reliance Industries Ltd and automaker Tata Motors Ltd .

The broader NSE index ended 0.17pc lower at 11,252.15, while the benchmark BSE index closed down 0.04pc at 37,830.98.

Heavyweight Reliance Industries extended losses in the last hour of trade to finish 2.2pc lower on its worst day in over a month. The stock finished at its lowest closing level since March 1.

Shares of Tata Motors, the country’s top automaker by revenue, slid 4.6pc ahead of its quarterly results. The stock was the biggest percentage loser on the indexes.

Meanwhile, Vedanta Ltd was the top percentage gainer, closing 3.9pc higher.

Copyright Reuters, 2019

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