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

File photo. Photograph:( Reuters )

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

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)