Stock markets end in green but witness worst July in 17 years

WION Web Team New Delhi Jul 31, 2019, 04.28 PM(IST)

File photo. Photograph:( Reuters )

Story highlights

The Sensex fell 4.9 per cent this month to end the month at 37,481.12 and the NSE Nifty 50 closed nearly 6 per cent lower at 11,118.

Domestic stock market indices Sensex and Nifty gained nearly 450 points and 146 points respectively from lows to end positive on Wednesday. 

The S&P BSE Sensex fell 4.9 per cent this month to end the month at 37,481.12 and the NSE Nifty 50 closed nearly 6 per cent lower at 11,118.

Domestic indices traded lower for the better part of the day but saw a sharp surge during the last trading hour. 

Weak corporate earnings, economic slowdown and tax issues continued to weigh down investment sentiment.

For July, the NSE Nifty was down 5.7%, its worst since September, while BSE Sensex fell 4.9% to an eight-month low.

Public sector banks and metals were top boosts, with their indexes rising 1.73% and 2.42%, respectively on Wednesday.

India`s top refiner Indian Oil Corp ended up 3.9% after the company reported a better-than-expected profit for the June quarter.

(With inputs from Reuters)