Indian shares fell on Wednesday, though markets ended off their day’s highs, tracking gains in European indexes ahead of the outcome of the Federal Reserve’s policy review.
The benchmark 30-share BSE Sense ended the session down 135.05 points, or 0.26 percent, at 52,443.71, extending losses for a third straight session.
The broader NSE Nifty index slipped 37.05 points, or 0.24 percent, to 15,709.40, a day after the International Monetary Fund (IMF) cut India’s GDP growth forecast for fiscal year 2021-22.
The Sensex hit as low as 51,802.73 and the Nifty touched 15,513.45 earlier in the session before recovering much of those losses.
Dr Reddy’s Laboratories fell 2.6 percent to extend losses from the previous session after reporting disappointing Q1 results.
Cipla, Mahindra & Mahindra, Tata Motors and Kotak Mahindra Bank all fell over 2 percent.
Maruti Suzuki India declined 1.3 percent ahead of its earnings release. Later in the day, the country’s top carmaker reported a 62 percent sequential fall in quarterly profit as the operations and financial results were impacted by localized lockdowns during April and May.
Among the prominent gainers, Bharti Airtel jumped as much as 5 percent after raising entry-level pricing of prepaid plans.
IndusInd Bank, Divis Laboratories, SBI Life and Tata Steel climbed 2-3 percent.
Sensex, Nifty End Off Day’s Lows
2021-07-28 10:30:46
