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Markets close down 0.7% weighed by Maurti

Markets close down 0.7% weighed by Maurti
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First Published: Mon, Jul 26 2010. 04 46 PM IST
Updated: Mon, Jul 26 2010. 04 46 PM IST
Mumbai: Indian shares closed 0.7% lower on Monday, weighed down by automakers as Maruti Suzuki tumbled after brokerages downgraded the top carmaker as it reported a surprise 20% drop in quarterly net profit.
The 30-share BSE index ended down 110.93 points at 18,020.05, with two-thirds of its components closing in the red. The 50-share NSE index closed down 0.6% at 5,414.30 points.
Maruti Suzuki closed 12.5% lower.
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First Published: Mon, Jul 26 2010. 04 46 PM IST
More Topics: India | Stocks | Markets | BSE | NSE |