Markets end lower; BPCL, HCL Tech stocks slip

NSE Down
Indian shares ended lower for a second consecutive session ahead of the Christmas holidays and amid lack of clarity on the Sino-US trade deal.

Heavyweights like Reliance Industries, HDFC Bank, TCS, HDFC and L&T are among the top draggers on the Sensex pack. Among sectors, major selling was seen in IT, energy, auto and financial stocks during the day.

The Sensex closed down 181 points at 41,461 and the Nifty fell 51 points or 0.41% at 12,212.

About 813 shares have advanced, 964 shares declined, and 366 shares are unchanged on the NSE.

On the economy front, IMF has cautioned that if inflationary pressure continues, there will be limited room for RBI to cut interest rates to support growth.

Meanwhile, Asian markets ended mixed with the Shanghai Composite gaining 0.67%, the Nikkei 225 rose 0.04%, and the Hang Seng lost 0.15%.

Trading has been largely thin in the holiday-shortened week. Many stock markets are closed on Wednesday for Christmas. Australia, Canada, Germany, and UK markets will remain shut on Dec 26 as well.

Further, European shares traded near record highs. The STOXX 600 index was nearly unchanged. The FTSE 100 fell 0.2%, the CAC was trading flat, while Germany's DAX was shut for Christmas Eve.

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