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Markets

Indian Stock market ends lower at closing bell

ISLAMABAD: Equity benchmark indices sucked up early morning gains on Thursday and ended lower for the third consecut
Published February 28, 2019

ISLAMABAD: Equity benchmark indices sucked up early morning gains on Thursday and ended lower for the third consecutive trading session amid escalating tensions between India and Pakistan.

The Bombay Stock Exchange S & P Sensex closed 38 points lower at 35,867 while the National Stock Exchange Nifty 50 closed 14 points down at 10,793, an Indian news agency ANI reported.

Among prominent losers were Hero Motorcorp, Indiabulls Housing Finance, Axis Bank, Mahindra and Mahindra, and Cipla.

However, ONGC, Tata Motors, Vedanta, Sun Pharma and Indian Oil gained some ground.

Meanwhile, Asian markets were all in the red as US President Donald Trump refused a nuclear deal at the summit with North Korean leader Kim Jong Un following the latter's unacceptable demands to lift US-led sanctions by the United Nations.

The failure of two days of talks in the Vietnamese capital Hanoi dampened investor sentiment.

Copyright APP (Associated Press of Pakistan), 2019

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