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HomeBusinessSensex, Nifty Pause 6-Day Winning Run; Energy, Auto Stocks Drag

Sensex, Nifty Pause 6-Day Winning Run; Energy, Auto Stocks Drag


Sensex and Nifty settled on a decrease word in the present day.

New Delhi:

Indian fairness benchmarks on Monday paused their six-day profitable run to settle decrease, dragged by vitality, vehicle and pharma shares. Index heavyweight Reliance Industries slipped greater than 3 per cent in the present day following a weaker-than-expected earnings report within the June quarter and underscoring a worldwide recession danger that may harm oil refining margins.

The 30-share BSE Sensex fell 306 factors or 0.55 per cent to shut at 55,766 in the present day, whereas the broader NSE Nifty moved 88 factors or 0.53 per cent decrease to settle at 16,631.

Mid- and small-cap shares completed on a weak word as Nifty Midcap 100 edged 0.09 per cent decrease and small-cap shed 0.58 per cent.

13 out of the 15 sector gauges — compiled by the National Stock Exchange — settled within the pink. Sub-indexes Nifty Oil & Gas, Nifty Auto and Nifty Pharma underperformed the NSE platform by falling as a lot as 1.36 per cent, 1.67 per cent and 1.02 per cent, respectively.

However, Nifty Metal and Nifty IT rose as a lot as 1.42 per cent and O.17 per cent, every.

On the stock-specific entrance, M&M was the highest Nifty loser because the inventory cracked 3.99 per cent to Rs 1,134. Reliance Industries, Maruti, Eicher Motors and ONGC had been additionally among the many laggards.

The total market breadth stood detrimental as 1,514 shares superior whereas 1,909 declined on BSE.

On the 30-share BSE index, M&M, Reliance, Maruti, Kotak Mahindra Bank, Tech Mahindra, ExtremelyTech Cement, Nestle India, Dr Reddy’s, Bajaj Finserv, Hindustan Unilever, PowerGrid and Sun Pharma had been among the many prime losers with their shares down as a lot as 3.80 per cent.

Also, shares of meals supply firm Zomato crashed 11.37 per cent to Rs 47.55 as a one-year lock-in interval for promoters, staff and different traders got here to an finish following a 2021 itemizing.

Further, Life Insurance Corporation of India (LIC), the nation’s largest insurer and largest home monetary investor, fell 0.70 per cent to finish at Rs 684.15.

In distinction, Tata Steel, IndusInd Bank, Asian Paints, HCL Technologies, Wipro, NTPC, SBI, L&T, HDFC, ITC, HDFC Bank, Titan and ICICI Bank completed within the inexperienced.



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