Indian shares ended a tad lower on Wednesday, with metals and information technology companies pacing the declines.
After a strong opening on the back of positive GDP data, key benchmark indexes failed to hold onto their early gains due to profit booking at higher levels following a three-day record-breaking streak.
Weak auto sales figures reported by Tata Motors, Maruti Suzuki India and Mahindra & Mahindra due to electronic components shortage also weighed on sentiment.
The benchmark 30-share BSE Sensex ended the session down 214.18 points or 0.37 percent, at 57,338.21, while the broader NSE Nifty index dropped 55.95 points, or 0.33 percent, to 17,076.25.
Bajaj FinServ, Hindalco, Tata Steel, Cipla and Mahindra & Mahindra fell 2-3 percent in the Nifty pack. Among the prominent gainers, Nestle India, SBI Life, Tata Motors and Asian Paints climbed 2-3 percent.
BHEL jumped 3.9 percent on winning an order worth Rs 10,800 crore from NPCIL.
Mastek soared 5.1 percent. The company has announced a partnership with fulfillmenttools to enable D2X (Direct to Stakeholder) transformation for their joint clients.
Bank of India slumped 4.3 percent after raising Rs 2,550 crore via a QIP issue.
Market Analysis
Sensex, Nifty Give Up Early Gains To End Lower
2021-09-01 11:06:14
