Asian Paints surged 5.5 per cent to shut at Rs 3,145 as its revenues in June quarter practically doubled
The Indian fairness benchmark indices fell for the second straight session on Tuesday, led by promoting strain in banking, steel and monetary companies. The Sensex fell as a lot as 540 factors on the lowest level of the day and Nifty 50 index briefly fell under its essential psychological degree of 15,600. Weak international markets added to the nervous sentiment on the Dalal Street. Asian shares widened their losses as investor sentiment dampened additional amid rising fears that the spreading Delta variant of the coronavirus would hurt the worldwide financial restoration, sending riskier belongings skidding sharply.
The Sensex ended 355 factors decrease at 52,198.51 and Nifty 50 index fell 120 factors or 0.76 per cent to shut at 15,632.
Selling strain was broad-based as all 11 sector gauges, barring the index of FMCG shares ended decrease led by the Nifty Realty index’s 2.6 per cent fall. The Nifty Bank, Private Bank, PSU Bank, Metal and Financial Services indices additionally fell 1.8-2.5 per cent every.
Mid- and small-cap shares additionally witnessed promoting strain as Nifty Midcap 100 and Nifty Smallcap 100 indexes fell 1.4 per cent every.
Shares of Adani Group corporations misplaced between 0.4 per cent and 5 per cent on the information that securities regulator and customs authorities have been investigating among the group corporations for non-compliance of guidelines.
Shares of IT companies firm HCL Technologies fell 2.1 per cent after its quarterly revenues missed analysts’ expectations, whereas cement firm ACC rose as a lot as 7 per cent as a consequence of a two-fold leap in consolidated web revenue for the second quarter ended June 2021.
Hindalco was high Nifty loser; the inventory fell practically 4 per cent to shut at Rs 382. IndusInd Bank, Tata Steel, BTPC, Bharti Airtel, UPL, HCL Technologies, HDFC Life, Tata Motors, ICICI Bank and JSW Steel additionally fell 2.2-3.2 per cent every on the Nifty.
On the flip aspect, Asian Paints surged 5.5 per cent to shut at Rs 3,145 as its revenues in June quarter practically doubled to Rs 5,585 crore.
UltraTech Cement, Hindustan Unilever, Maruti Suzuki, Grasim Industries, Bajaj Auto and Nestle India have been additionally among the many notable gainers.
The general market breadth was unfavorable as 2,094 shares ended decrease whereas 1,140 closed larger on the BSE.
