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Indian markets close in the red
Thu, 9 Jul Closing

Indian markets have ended their session in the red during the last hours of trade. The Sensex today ended lower by 115 points or 0.4%, while the NSE-Nifty closed lower by 35 points or 0.4%. Sectoral indices closed the day on a mixed note with engineering and aluminum stocks leading the gains. Both S&P BSE Midcap index and the S&P BSE Smallcap index ended marginally down by 0.3%.

At the time of writing, the INR was trading at 63.47 to the US dollar. Stocks in Europe and Asia were trading in the green at the time of writing.

Stocks in the automobile space also closed the session on a mixed note with Bajaj Auto and TVS Motors bearing the maximum brunt of profit booking. As per a leading financial daily, there has been a rise in the domestic passenger car sales for the month of June. Sales for the concerned period rose 1.5% to 1,62,677 units from 1,60,232 units in the year ago month. While the rise in sales of commercial vehicles rose marginally at 51,446 units. Vehicle sales across categories registered an increase of 2.6% to 16,20,673 units from 15,80,173 units in June 2014. On the other hand, for two-wheeler, sales in June rose 3.5% to 13,07,710 units.

Software stocks ended their day on a mixed note with TCS and Info Edge leading the losses. According to a leading financial daily, global IT services provider HCL Technologies is all set to develop multichannel customer self services for utilities. For this purpose, the company has decided to work with SAP as its key partner in developing the concerned applications. The software is pre-integrated with the SAP Customer Relationship Management and Billing for Utilities package, and allows SAP and its partners to develop and offer customer-facing self-service applications at a low cost. HCL Technologies is a leading global IT services company working with clients in the areas that impact and redefine the core of their businesses. Stock of HCL Technologies has closed the trading session on a negative note.

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