Indian shares were subdued on Tuesday, tracking weakness across global markets as investors fretted about renewed U.S.-China trade tensions, stalled talks in U.S. Congress on raising the debt limit and rising inflation as oil prices surged to multi-year highs.
The benchmark 30-share BSE Sensex slipped 70 points, or 0.1 percent, to 59,230 in early trade, while the broader NSE Nifty index was down 13 points at 17,678.
Pharma stocks were losing ground, with Dr Reddy’s Laboratories, Sun Pharma and Cipla declining 1-2 percent.
ONGC jumped nearly 6 percent after oil prices hit a three-year peak.
Adani Green rallied 3.7 percent after it successfully completed the acquisition of SB Energy Holdings (SB Energy India) in an all-cash deal.
Adani Ports edged up slightly on reports the company is entering the maritime sector in West Bengal.
Srei Infrastructure Finance slumped 4.7 percent after the RBI superseded its board.
Mahindra & Mahindra Financial Services fell about 1 percent. The company said its total disbursements rose 23 percent annually in September.
Bharti Airtel advanced 1.5 percent as the telecom major’s ? 21,000-crore rights issue opens today.
Info Edge was down 0.8 percent after it invested an additional Rs 15 crore in 4B Networks.
PVR gained almost 1 percent after partnering with e-sports company NODWIN Gaming.
JSW Energy added 1.3 percent after it signed a pact with Senvion India (‘Senvion’) for procurement of 591 MW of onshore wind turbines.
MGL rose half a percent after increasing the retail price of compressed natural gas (CNG) and piped natural gas (PNG).
Sensex, Nifty Marginally Lower In Early Trade
2021-10-05 04:33:28
