After winning three-day consecutive rise, Indian equities ended lower on Tuesday’s closing on account of losses in sectors such as financial, bank, FMCG, energy and consumer durables, amidst weak global cues.
The Sensitive index of BSE (Sensex) tanked 216.24 points to finish at 34,949.24, while the Nifty50 of National Stock Exchange (NSE) fell 5535 points to settle at 10,633.30. Out of the fifty constituents of Nifty, overall 16 stocks kept well, while 34 stocks underperformed in the index.
Gainers & Losers: Mahindra & Mahindra (M&M), GAIL India, HCL Tech, Bharti Airtel, Indian Oil Corp were among major gainers on NSE, while ICICI Bank, SBI, Bajan Finserv were losing sheen on Nifty pack.
Among specific stocks, shares of infrastructure giant Larsen & Toubro Limited (L&T) ended 0.33% at Rs. 1,381.00 after the company’s construction arm won contracts valued Rs 5,704 crore, The Company has also reported strong Q4 results.
Shares of Cox & Kings Limited slumped 1.94% at Rs. 212 on NSE, after the company reported net loss for the quarter on account of higher tax expenses in the current quarter. It has posted net loss of Rs. 22 crore in Q4FY18 as against net loss of Rs. 35 crore in Q4FY17.
Shares of Metal & Mining major Vedanta Limited ended at Rs. 252.65 down by 0.39% on closing hours on NSE, after report that Tamil Nadu govt ordered the permanent closure of its copper plant STERLITE in Tuticorin, on Monday evening followed by violent protests.