04:18
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Indian share markets ended lower on Tuesday after retail inflation picked up to a 7-month high in October. The BSE Sensex closed lower by 91.69 points at 32,941.87 and the NSE Nifty finished down by 3835 points settling at 10,186.6. Losses were notably seen in PSU stocks, capital goods and energy stocks.
Shares of Mahindra and Mahindra, Hero MotoCorp, Bajaj Auto, Axis Bank, Reliance gained, while Asian Paints, L&T, Power Grid, TCS, Sun Pharma and ONGC lost up to 2.46%.
Shares of Tata Global Beverages spiked 5.16% to end at Rs 246.65 after the beverages company major reported a rise of 11% in the net profit for the June – Sept quarter to Rs 154 cr, as compared to the corresponding quarter of the previous year.
The stock of IPCA Lab rose 5% to Rs 571.15 before settling down 1.48% at Rs.535.9 after the company reported a 75.55% rise in net profit to Rs. 96.47 crore for the Sept quarter this year.
The Wholesale Inflation for October has surged to 3.59% to a 7-month high, driven by faster rises in prices of food and fuel products as per govt data showed on Tuesday.
Posted in: Indian Market Tips
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