Finance
Indian headline indexes ended Tuesday’s session on a low note. The Sensex closed at 80,160.56, down 0.25%, while the Nifty finished at 24,579.60, down 0.18%. Banking stocks contributed to the pressure, with the Nifty Bank closing at 53,661, down 0.63%.
The Indian benchmark indices, the Sensex and the Nifty, gave up early gains to close lower today, pulled down by losses in banking and pharmaceutical sectors ahead of the two-day GST Council meeting that begins tomorrow.
The Nifty F&O expiry also weighed on sentiment, increasing volatility in the second half of the session.
The BSE Sensex fell 752.64 points from its intraday high of 80,761.14 to a low of 80,008.50 before closing 206.61 points, or 0.26 percent lower, at 80,157.88.
Similarly, the Nifty fell 233.75 points from the day’s high of 24,756.10 to an intraday low of 24,522.35, before closing 45.45 points, or 0.18 percent lower at 24,579.60 levels.
On the BSE, Power Grid, NTPC, and Tata Steel were the top gainers, while M&M, ICICI Bank, and Asian Paints were major losers.
Similarly, the top gainers on the NSE were Tata Consumer, Nestle, and Power Grid, while the top losers were Dr. Reddy, M&M, and ICICI Bank.
Broader indexes finished higher. The Nifty Midcap 100 index concluded 0.27 percent higher, while SmallCap settled 0.53 percent higher.
Nifty Private Bank was the biggest loser among sectors, down 0.7%, followed by Financial Services (0.56%), Healthcare (0.33%), and Pharma (0.27%).
Nifty Media, Metal, Realty, and Consumer Durables, on the other hand, rose by 0.98, 0.85, 0.72, and 0.24 percent, respectively.
Source: BS
