BSE Sensex and NSE Nifty closed lower on Thursday. The markets have already been downbeat reeling under the regulatory clampdown after Sebi’s Monday directive imposing trading restrictions on suspected shell companies. After opening lower, the Sensex recovered, but only to slip again to hit a low of 31,422.80 before settling down 266.51 points, or 0.84%, at 31,531.33. Lower-than-expected earnings by Tata Motors, Eicher Motors and a few others soured risk appetite. Tata Motors emerged as the top loser among Sensex constituents by slumping 8.60% after the company’s June quarter earnings failed to meet market expectations.

Source: Mint August 10, 2017 04:13 UTC