Indian Equities end lower today - ICICI Bank : Treasury Research

Indian equities ended lower today, amidst weak cues from Asian peers. Profit booking in rate-sensitive stocks, which had rallied in the previous two sessions, weighed on the benchmark indices. The Sensex ended lower at 19223.28 (-0.53%) while Nifty closed at 5813.60 (-0.62%).

The BSE Bankex ended lower at 13,520.27 (-1.20%). SBI ended lower at INR 2043.90 (-1.02%) while ICICI Bank ended down at INR 1091.00 (-0.95%).

Asian stocks ended a largely rangebound session in mixed territory today. Nikkei ended lower by 0.20%, dragged by selling in utilities and healthcare stocks while a weaker Yen failed to provide much support. Australia's ASX also edged lower by 0.24% today, weighed by losses in financial stocks. Kospi however ended the day up by 0.93%, as a weaker Won aided gains in exporters' stocks. Shanghai Composite also ended higher by 0.41% on the back of some value-buying. Hang Seng, meanwhile, ended flat.

Source : Equity Bulls

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