Stock Market Today: Nifty, Sensex End Lower After RIL's Q2 Earnings Disappoint
RIL's stock contributed 37.36 points of the 65-point fall in the Nifty 50. Nifty ended 0.28% or 70.60 points down at 25057.35 and Sensex ended 0.19% or 152.93 points lower at 81820.12.
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KEY HIGHLIGHTS
US Futures: S&P 500, Nasdaq 100 Fall But Dow Jones Up
The S&P 500 future was 0.06% down at 5,904.50, and the Nasdaq 100 futures was 0.16% down at 20,586.25 as of 3:27 p.m. IST. The Dow Jones Industrial Average futures was 0.04% higher at 43,378.00. Investors in the country will closely monitor quarterly results.
Economic Data, Events Later Tuesday
US: FOMC Member Daly Speaks
US: FOMC Member Kugler Speaks
RIL's Weak Q2 Results Pull Nifty, Sensex Lower: Closing Bell
Benchmark equity indices ended lower on Tuesday as shares of heavyweight Reliance Industries pulled them into losses after reporting a lower than expected net profit in the September quarter.
The stock contributed 37.36 points of the 65-point fall in the Nifty 50. Nifty ended 0.28% or 70.60 points down at 25057.35 and Sensex ended 0.19% or 152.93 points lower at 81820.12. Intraday, Nifty fell 0.5% and Sensex fell 0.4%.
The level of 25,200 (for Nifty) acted well as a strong hurdle as a sharp reversal was seen from the said level followed by range bound activity, said Aditya Gaggar, director of Progressive Shares. He added that in the non-directional market, the Index has formed a dark cloud cover candlestick pattern on the daily chart and consolidation (25,000-25,200) breakout is a must for a clear picture.
Shares of Reliance Industries Ltd., Bajaj Finance Ltd., Bajaj Auto Ltd., Nestle India Ltd., and HDFC Life Insurance Ltd. weighed the most on the index. While those of ICICI Bank Ltd., Bharti Airtel Ltd., Bharat Petroleum Corp. Ltd., Asian Paints Ltd., and UltraTech Cement Ltd. cushioned the fall.
Sectoral indices were mostly down at close; Nifty Realty rose the most and Nifty Metal was top loser.
Market breadth was evenly split between buyers and sellers. Around 2,049 stocks rose, 1,904 stocks declined, and 111 stocks remained unchanged on BSE.
Broader markets outperformed benchmark indices. The BSE Midcap and Smallcap indices ended 0.25% and 1.05% higher, respectively.
On BSE, 14 sectors advanced and six declined out of 20. The BSE Metal declined the most, while the BSE Realty rose the most.
Rupee Strengthens Against US Dollar
-Rupee strengthened by 2 paise to close at 84.04 against the US dollar.
-It closed at 84.06 on Monday.
Source: Bloomberg
Markets At Close
Nifty and Sensex ended lower as RIL dragged
Nifty ends 0.25% or 61.80 points down at 25066.15
Sensex ends 0.19% or 152.93 points lower at 81820.12
Intraday, Nifty fell 0.5% and Sensex fell 0.4%
Broader indices outperformed; Nifty Midcap 100 ended 0.2% up and Nifty Smallcap 250 closed 1.1% higher
Sectoral indices were mostly down at close; Nifty Realty rose the most and Nifty Metal was top loser
BPCL and ICICI Bank were top Nifty gainers
HDFC Life and Wipro fell the most
