Sensex and Nifty ended in red on global cues, Jubilant FoodWorks fall

BSE Sensex and NSE Nifty ended in red on Friday on account of weak global cues. The 30-share index closed 74.59 points down at 27,126.90, while the 50-share index settled 14.70 points down at 8,323.20.

Among the 51-components in the Nifty pack, Tata Motors gained the most — 2.45 per cent, followed by Hero MotoCorp (up 2.33 per cent) and Asian Paints (up 2.31 per cent). On the other hand, Idea Cellular, GAIL and Bharti Airtel plunged 2.63 per cent, 2.48 per cent and 2.30 per cent, respectively.

Shares of quick service restaurants such as Jubilant FoodWorks and Westlife Development plunged on Friday on reports that Kerala government has imposed 14.5 per cent ‘Fat Tax’ on junk food.

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Posted in: Indian Market Tips