Sensex Today: Bears weighed domestic markets lower in Tuesday’s trade, amid tepid foreign flows and mixed global cues. At Close, the Sensex was down 631.83 points or 1.04 per cent at 60,115.48, and the Nifty was down 187 points or 1.03 per cent at 17,914.20. About 1376 shares have advanced, 2027 shares declined, and 152 shares are unchanged.
Adani Enterprises, Bharti Airtel, Eicher Motors, Adani Ports and SBI were among the top losers on the Nifty. The gainers were Tata Motors, Hindalco Industries, Apollo Hospitals, Power Grid Corp and Divis Labs.
Among sectors, PSU Bank index down over 2 per cent, while Nifty Bank and Infra indices down 1 per cent each.
The BSE midcap and smallcap indices fell 0.5 per cent each.
Among individual stocks, shares of TCS (Tata Consultancy Services) dropped over 2 per cent on mixed December quarter results. TCS reported 11 per cent year-on-year (YoY) growth in net profit, and revenue for the quarter came in at Rs 58,229 crore, up 19.1 per cent YoY in reported terms and 13.5 per cent YoY in constant currency terms.
That apart, Tata Motors’ shares surged over 6 per cent. The retail sales of automaker Jaguar Land Rover rose 5.9 per cent YoY in Q3FY23 reflecting a “gradual improvement in chip supplies”. CLSA has upgraded the stock to ‘buy’.
Global Cues
Globally, Wall Street ended sharply off highs overnight. The Dow Jones fell 0.34 per cent, the S&P 500 lost 0.08 per cent, and the Nasdaq Composite added 0.63 per cent.
Investors are waiting for US Fed chairman Jerome Powell’s speech at a central banking conference in Sweden, later tonight, just two days prior to the release of inflation report.
Nearer home, Japan’s Nikkei 225 rose 1.08 per cent, Australia’s S&P/ASX 200 fell 0.19 per cent, while South Korea’s Kospi was flat this morning.
Read all the Latest Business News here
Comments
0 comment