Indian shares ended lower for a second straight session on Tuesday, with banks, metals and automakers pacing the decliners amid concerns that new coronavirus outbreaks in parts of the world could undercut an economic recovery.
Meanwhile, industry leaders and economists doubted whether the new guarantees on bank loans to small businesses and tourism sectors announced by the government would be sufficient to boost economic growth.
The benchmark 30-share BSE Sensex ended down 185.93 points, or 0.35 percent, at 52,549.66, while the broader NSE Nifty index slid 66.25 points, or 0.42 percent, to settle at 15,748.45.
ICICI Bank, Kotak Mahindra Bank, Hindalco, ONGC and IOC all fell around 2 percent in the Nifty pack, while consumer goods and pharma stocks witnessed selective buying.
Divis Laboratories, Hindustan Unilever, Nestle India and Cipla rose over 1 percent each. Power Grid Corp shares jumped 2.3 percent.
Bajaj Healthcare jumped nearly 13 percent after the company said it moved the Indian Patent Office for a license to manufacture and supply the Covid-19 drug Baricitinib (API and formulation).
FMCG major Marico surged 5.7 percent after global brokerage firm Credit Suisse raised the target price for the stock.
Sensex Drops 186 Points; Nifty Ends Below 15,750
2021-06-29 10:58:16
