Indian shares opened lower on Tuesday as concerns over the resurgence of coronavirus cases in many countries and geopolitical worries sapped investors’ appetite for riskier assets.
The benchmark 30-share BSE Sensex fell 320 points, or 0.6 percent, to 52,235 in early trade, while the broader NSE Nifty index was down 103 points, or 0.7 percent, at 15,650.
BPCL was little changed on reports the government’s plan to sell a majority stake in the state refiner has slowed down.
Alok Industries slumped 7 percent after it reported a consolidated net loss of Rs 97.65 crore in the June 2021 quarter.
Mahindra & Mahindra declined 1.4 percent. The company has announced a recall of around 600 diesel vehicles.
HCL Technologies gave up 2.2 percent. The company maintained FY22 constant currency revenue growth guidance of double digits and EBIT margin guidance of 19-21 percent.
ACC soared 6 percent after reporting an over two-fold jump in quarterly consolidated net profit.
Adani Group stocks were broadly lower after the government said market regulator SEBI and customs authorities are investigating some group companies for non-compliance of rules.
Zen Technologies jumped 5.7 percent on winning a new export order worth Rs 120 crore.
Zuari Agro Chemicals tumbled 3.3 percent. The company has resumed production of NPK-B Plant at Goa.
Sensex Drops 320 Points, Nifty At 15,650
2021-07-20 04:32:55
