Stock Market Today: Sensex, Nifty Extend Decline To Day 3 After Choppy Session

• The local currency weakened by 4 paise to close at 83.18 against the U.S dollar.

• It closed at 83.14 on Monday.

Source: Bloomberg

India's benchmark indices ended lower for third day in a row tracking losses in shares of heavyweight Reliance Industries Ltd., and Bharti Airtel Ltd.

The NSE Nifty 50 settled 64.10 points or 0.28% lower at 22,868.35, and the S&P BSE Sensex ended 220.05 points or 0.29% down at 75,170.45.

Intraday, the NSE Nifty 50 index rose 0.29% to 22,998.55, and the S&P BSE Sensex rose 0.26% to 75,585.40.

The NSE Nifty 50index commenced the week on a jittery note, with sharp movement in the India VIX within the opening minutes on Monday. As the price action settled after the opening hour, it scaled to new life highs of 23,110, said Avdhut Bagkar technical and derivatives analyst from StoxBox.

The index is anticipated to continue to attract further bullish strength by decisively breaking out of the channel, he added.

The Asian market was narrowly mixed this morning as investors awaited a band of global inflation prints for direction. Indian market was seen opening a little changed on Tuesday as investors eagerly await the 2024 Lok Sabha election results, Bagkar said.

"A rangebound activity comes to an end on a negative note at 22,888.15 with a loss of 44.30 points. Pharma was the top performer among the sectors followed by Media while Realty and PSU banking corrected over 1%. Index up-move was mainly restricted by Broader markets as Mid and Smallcap segments witnessed a sharp profit booking correction. On the daily time frame, the Index has formed another bearish candle and with this, we hold our view of retesting a strong support of 22,780 while a level of 23,110 will be considered as immediate resistance," said Aditya Gaggar director, Progressive Shares.

Reliance Industries Ltd., Bharti Airtel Ltd., Infosys Ltd., ICICI Bank Ltd., NTPC Ltd. dragged the benchmark.

Asian Paints Ltd., SBI Life Insurance Co., Divi's Laboratories Ltd., Grasim Industries Ltd., HDFC Life Insurance Co. limited losses in the index.

On NSE, eight sectors declined out of 12, one remained flat, and three advanced. The NSE Nifty Realty was the top loser sector, and the NSE Nifty Pharma was top gainer.

Broader markets underperformed. The S&P BSE Midcap ended 0.63% lower and the S&P BSE Smallcap ended 1.09% lower.

Except S&P BSE Healthcare, all sectoral indices on the BSE ended lower. S&P BSE Realty fell the most.

Market breadth was skewed in the favour of sellers. Around 2,501 stocks declined, 1,320 rose and 124 remained unchanged on the BSE.

• Imagicaa World's board approved raising up to Rs 600 crore via QIP

Source: Exchange Filing

• Revenue up 4.6% at Rs 1,095 crore from Rs 1,046 crore

• Net profit up 27.4% at Rs 173 crore from Rs 136 crore

• Ebitda rose 10.3% to Rs 214 crore from Rs 194 crore

• Margin rose 100 basis points to 19.6% from 18.6%

• Board recommends final dividend of Rs 160 per share and special dividend of Rs 525 per share

• Revenue down at Rs 643 crore from Rs 687 crore

• Ebitda down 8.1% at Rs 176 crore from Rs 192 crore

• Margin fell 50 basis to 27.4% from 27.9%

• Net profit down 1.6% to Rs 137 crore from Rs 139 crore

• Coal India is in a joint venture with BHEL incorporates subsidiary Bharat Coal Gasification and Chemicals.

Source: Exchange filing

• Rail Vikas Nigam Ltd. merged as lowest bidder for order worth Rs 72.7 crore.

Source: Exchange filing

• Revenue fell 0.3% to Rs 304 crore from Rs 304 crore

• Ebitda fell 13.3% to Rs 78 crore from Rs 90 crore

• Margin at 25.8% vs 29.7%

• Net profit fell 4.8% to Rs 64 crore from Rs 67 crore

• Revenue up 1.9% at Rs 623 crore from Rs 611 crore

• Ebitda down 3.9% at Rs 77 crore from Rs 80 crore

• Margin at 12.4% vs 13.1%

• Net profit down 1% at Rs 57 crore from Rs 58 crore

Source: Exchange filing

• Sterlite Technologies Ltd. has partnered with UK-based Connexin for gigabit connectivity around Nottinghamshire in the UK.

Source: Exchange filing

• Power Grid Corp has started transmission operations for RIL's Jamnagar refinery effective May 5.

Source: Exchange filing

Shares of Muthoot Finance Ltd. rose 2.88% to Rs 1,757.50, the highest level since its listing on May 6, 2011. It was trading 2.75% higher at Rs 1,755.20 as of 12:40 p.m., as compared to 0.16% decline in the NSE Nifty 50 index.

The scrip gained 57.22% in 12 months, and 19.25% on year to date basis. Total traded volume so far in the day stood at 1.6 times its 30-day average. The relative strength index was at 65.40.

Out of 22 analysts tracking the company, 16 maintain a 'buy' rating, two recommend a 'hold,' and four suggest 'sell', according to Bloomberg data. The average 12-month consensus price target implies a downside of 7.1%.

Divi's Laboratories Ltd. rose 3.08% to Rs 4,386.50, the highest level since May 23. It was trading 2.49% higher at Rs 4,361.95 as of 12:12 p.m. as compared to 0.07% advance in the NSE Nifty 50 index.

Indegene Ltd. fell 1.74% to Rs 516.05, the lowest level since its listing on May 13, 2024. It was trading 1.70% down at Rs 516.25 as of 11:55 a.m., as compared to 0.08% advance in the NSE Nifty 50 index.

Shares of Inox Wind Ltd. were locked in a lower circuit on Tuesday after two large trades.

At least 6.03 crore shares, or 6% stake, changed hands in two trades at an average price of Rs 150 apiece, according to Bloomberg. The buyers and sellers have not been confirmed immediately.

Shares of Inox Wind fell as much as 9.99% to hit the lower circuit of Rs 147.75 apiece on the NSE. This compares to a 0.12% advance in the benchmark Nifty 50 as of 9:55 a.m.

The stock has risen 340% in the last 12 months and 18% on a year-to-date basis. The total traded volume so far in the day stood at 72 times its 30-day average. The relative strength index was at 49.

All four analysts tracking the company have a 'buy' rating on the stock, according to Bloomberg data. The average of 12-month analyst price targets implies a potential upside of 19.8%.

• Adani Enterprises Ltd. has approved the plan to raise Rs 16,600 crore via QIP and other modes in one or more tranches.

Source: Exchange filing

Shares of Doms Industries Ltd. rose 10.02% to Rs 2,035.00, the highest level since Dec 20, 2023. It was trading 9.84% higher at Rs 2,031.75 as of 11:12 a.m., as compared to 0.11% advance in the NSE Nifty 50 index.

The scrip gained 53.20% in over six months. Total traded volume so far in the day stood at 11 times its 30-day average. The relative strength index was at 77.91, which implied the stock is overbought.

Out of six analysts tracking the company, five maintain a 'buy' rating, one recommends a 'hold,' according to Bloomberg data. The average 12-month consensus price target implies an upside of 4.3%.

Shares of Timken India jumped nearly 8% on Tuesday after 50,00,000 shares or 6.6% stake in the company changed hands on the BSE. The buyers and sellers of this stake were not known immediately.

On the BSE, the scrip rose as much as 7.53% to Rs 4,250.45 apiece, the highest level since May 24. It pared gains to trade 5.8% higher at Rs 4,181.95 apiece, as of 10:51 a.m. This compares to a 0.16% advance in the BSE Sensex Index.

It has risen 28.55% on a year-to-date basis and 26.45% in the last 12 months. Total traded volume so far in the day stood at 81 times its 30-day average. The relative strength index was at 67.94.

Out of ten analysts tracking the company, seven maintain a 'buy' rating, one recommend a 'hold,' and two suggest 'sell,' according to Bloomberg data. The average 12-month consensus price target implies a downside of 16.1%.

• Bharat Heavy Electricals Ltd. is in technology transfer agreement with Bhabha Atomic Research Centre.

• Agreement is for 50 kilowatt alkaline electrolyser system for hydrogen production.

Source: Exchange filing

Shares of Sumitomo Chemical India Ltd. rose to their highest level in over three months after it reported higher than expected net profit.

Sumitomo Chemical India Ltd. rose 9.30% to Rs 481.15, the highest level since Feb 20. It was trading 8.83% higher at Rs 479.95 as of 10:39 a.m., as compared to 0.21% advance in the NSE Nifty 50 index.

The scrip gained 19.64% in 12 months, and 20.30% on year to date basis. Total traded volume so far in the day stood at 60 times its 30-day average. The relative strength index was at 82.16, which implied the stock is overbought.

Out of 10 analysts tracking the company, seven maintain a 'buy' rating, one recommends a 'hold,' and two suggest 'sell', according to Bloomberg data. The average 12-month consensus price target implies a downside of 11.6%.

• SpiceJet Ltd. has refuted claims by KAL Airways and Kalanithi Maran, and called damages claim worth Rs 1,323 crore 'baseless'.

Source: Exchange filing

Shares of Nazara Technologies Ltd. rose to nearly two-month high after data on the exchanges on Monday showed that Plutus Wealth Management LLP has bought 48.84 lakh shares or 6.66% stake in the company at Rs 620.5 apiece.

Concord Biotech Ltd. declined to over two-month low Tuesday after its 36.8 crore shares changed hands in large trade at Rs 1,400.

The total value of the large trade are Rs 515.13 crore., according to data on NSE.

The scrip fell as much as 5.95% to Rs 1,355.00 apiece, the lowest level since March 14. It was trading 3.67% lower at Rs 1,387.90 apiece, as of 10:06 a.m. This compares to a 0.10% advance in the NSE Nifty 50 Index.

It has risen 46.44% in 12 months, and declined 5.99% on year to date basis. Total traded volume so far in the day stood at 469 times its 30-day average. The relative strength index was at 30.57, which implied the stock is oversold.

Out of seven analysts tracking the company, five maintain a 'buy' rating, one recommends a 'hold,' and one suggests 'sell', according to Bloomberg data. The average 12-month consensus price target implies an upside of 24.7%.

Shares of Natco Pharma Ltd. hit their highest level in over three months today after the company reported a higher than expected revenue and net profit in the quarter ended March.

National Aluminium Co. rose 6.15% to Rs 206.30 apiece, the highest level since its listing on April 28, 1999. It was trading 4.35% higher at Rs 202.80 apiece, as of 09:34 a.m. This compares to a 0.14% advance in the NSE Nifty 50 Index.

Its consolidated net profit jumped 101.41% on the year to Rs 997 crore in January-March from Rs 495 crore.

It has risen 134.28% in 12 months, and 53.10% on year to date basis. Total traded volume so far in the day stood at 10 times its 30-day average. The relative strength index was at 65.97.

Out of 10 analysts tracking the company, four maintain a 'buy' rating, two recommend a 'hold,' and four suggest 'sell', according to Bloomberg data. The average 12-month consensus price target implies a downside of 23.01%.

India's benchmarks opened higher on Tuesday tracking gains in shares of HDFC Bank Ltd., Tata Consultancy Services Ltd., and Mahindra & Mahindra Ltd.

As of 9:17 a.m., the NSE Nifty 50 was trading 50.85 points or 0.22% higher at 22,983.30, and the S&P BSE Sensex was trading 122.42 points or 0.16% up at 75,512.92.

The NSE Nifty 50 scaled a new high and witnessed minor pullback from the day’s high, volatility would be high with respect to the rollover movement being the monthly expiry, said Vikas Jain, a senior research analysts at Reliance Securities.

On the higher side the resistance would be in range of 23,200- 23,400 levels being the pivot resistance and on the downside support is at 22,650 levels. RSI is overbought on the hourly charts and we expect some pullback to test the lower band of averages on multiple time frames. Highest call OI is at 23,500 strike while the downside the highest put OI is at 22,900 for the monthly expiry, Jain added.

Reliance Industries Ltd., HDFC Bank Ltd., Tata Consultancy Services Ltd., Mahindra & Mahindra Ltd., and ICICI Bank Ltd added to the index.

Axis Bank Ltd., Bajaj Auto Ltd., Bharti Airtel Ltd., Kotak Mahindra Bank Ltd., and Maruti Suzuki India Ltd. weighed on the benchmark.

On NSE, 10 sectors advanced, one was flat, and one declined out of 12. The NSE Nifty Auto declined the most, and the NSE Nifty Metal rose the most among sectoral indices.

Broader markets were trading higher. The S&P BSE Midcap was 0.32% higher, and the The S&P BSE Smallcap was 0.06% up.

On BSE, 13 sectors advanced, and seven declined out of 20. The S&P BSE Metal was top performing sector, and the S&P BSE IT, and TECK were the top loser sectors.

Market breadth was skewed in favour of buyers. Around 1,604 stocks advanced, 1,264 stocks declined, and 110 stocks remained unchanged.

At pre-open, the NSE Nifty 50 was 0.19% or 44.70 points higher at 22,977.15. The S&P BSE Sensex was 0.26% or 194.90 higher at 75,585.40.

• Motilal Oswal maintained a 'Neutral' rating on National Aluminum Co. with a target price Rs 180, which implied a 6.8% downside.

• In Q4, NALCO recorded exceptional income of Rs 430 cr from royalty expense reversal

• KABIL JV's exploration deal strengthens NALCO's market presence, diversifies product range

• Full capacity operation expected over next two years

• Next growth phase likely post May 2025 with additional 1mt stream of alumina refinery

• The yield on the 10-year bond opened flat at 6.9%.

• It closed at 6.9% on Friday.

Source: Cogencis

• The local currency opened flat at 83.13 against the U.S dollar.

• It closed at 83.14 on Monday.

Source: Bloomberg

• Jefferies maintained a 'Hold' on JK Lakshmi Cement Ltd. with a target price Rs 905 from Rs 940 earlier. The target price implied a 13% upside.

• Q4 EBITDA was a beat driven by lower costs

• Volumes are weak, realisations are in-line

• Co delivered second quarter of Rs. 1,000+ unit Ebitda but weak vol growth

• Co scaling up capex to 12-1,600 crore vs 300-1,000 crore in the last decade

• Tweak FY25-26 estimates by 1-2% to reflect pressure

• US Dollar Index at 104.47

• US 10-year bond yield at 4.46%

• Brent crude up 0.12% at $83.20 per barrel

• Nymex crude up 1.38% at $78.79 per barrel 

• Bitcoin was down 1.22% at $68,744.63

• The GIFT Nifty was 8.5 points or 0.04% down at 23,017.00 as of 07:57 a.m.

• The brokerage maintains 'buy' on Happy Forgings with a target price of Rs 1,260 per share, implying a potential upside of 15% from the previous close.

• Healthy performance despite weakness in core segments.

• Diversifying into industrials and exports, contributed 12%/20% FY24 revenue, compared to 4%/12% in FY23.

• Margin improvement with a higher share of machining and better product mix.

• Management is confident of achieving 15–20% growth in the coming years.

• Raises FY25/26 earnings by 3.5%/4.8%.

• Factors better-than-expected outlook for industries, new order wins.

• Motilal Oswal maintains a 'buy' on Cello World with a target price of Rs 1,090 per share, an upside of 25% from the previous close.

• Earnings in line with estimates, led by volume growth of 8%.

• Lower raw material costs and better product mix drive margin expansion.

• The management guides 15–17% revenue growth, led by volume growth.

• Management laid down growth strategy for new product launches, premiumisation of consumerware products and increasing glassware capacity.

• Nifty May futures down by 0.08% to 23,001.1 at a premium of 68.65 points.

• Nifty May futures open interest down by 0.24%.

• Nifty Bank May futures up by 0.59% to 49,335 at a premium of 53.2 points.

• Nifty Bank May futures open interest down by 8.6%.

• Nifty Options May 30 Expiry: Maximum call open interest at 24,000 and maximum put open interest at 23,000.

• Bank Nifty Options May 29 Expiry: Maximum call open interest at 50,000 and maximum put open interest at 48,000.

• Securities in ban period: Biocon, GNFC, Hindustan Copper, Vodafone Idea and Piramal Enterprises.

The Indian rupee weakened by 5 paise to close at 83.14 against the US dollar.

• Awfis Space Solutions: The public issue was subscribed to 108.56 times on day 4. The bids were led by institutional investors (129.81 times), non-institutional investors (129.81 times), retail investors (54.58 times), and portion reserved for employees (25.2 times).

• Nazara Technologies: Plutus Wealth Management LLP bought 48.84 lakh shares (6.66%) at Rs 620.5 apiece, while Mitter Infotech LLP sold 48.84 lakh shares (6.66%) at Rs 620.5 apiece.

• Lumax Auto Technologies: Albula Investment Fund Ltd sold 6.06 lakh shares (0.88%) at Rs 478 apiece, while Amara Partners Growth Fund I bought 6.06 lakh shares (0.88%) at Rs 478 apiece.

• Ganesha Ecosphere: Essel Industries sold 1.35 lakh shares (0.62%) at Rs 1,150.14 apiece.

• Wonderla Holidays: Promoter Priya Sarah Cheeran Joseph bought 24,000 shares on May 23.

• Gokul Agro Resources: Promoter Ritika Infracon bought 35,000 shares on May 24.

• Price Band Change from 20% to 10%: Bharat Dynamics.

• Ex/record dividend: Trident, CMS Info Systems.

• Moved out of short-term ASM framework: Honeywell Automation India, Ram Ratna Wires.

• HPCL: The board recommended a bonus issue of 1 share for every 2 shares held.

• Asian Paints: The Singapore-based arm signed a pact to acquire a 24.3% stake in SCIB for Rs 34.42 crore. Arm APIPL to hold an 85.6% stake in SCIB post-stake acquisition.

• Jyoti Structures: The company rights have been subscribed by 207%, with the company receiving applications worth Rs 361.7 crore pursuant to its rights issue as against an issue size of Rs 174.6 crore.

• Adani Energy Solutions: The board approved a fund-raising plan for an aggregate amount not exceeding Rs 12,500 crore through QIP or another permissible mode.

• Praveg: The company bought a 51% stake in Abhik Advertising and Bidhan Advertising.

• Diamond Power Infrastructure: Founder Monarch Infraparks and GSEC will sell a 2.44% stake each in the company via OFS on May 28 and 29. The company has set the OFS floor price at Rs. 855 per share.

• ZF Commercial Vehicle Control Systems India: The company has partnered with IIT Madras to forge a pioneering partnership to build global mobility digital infrastructure.

Indian Railway Catering and Tourism Corp., Prestige Estates Projects, Aditya Birla Fashion and Retail, Brigade Enterprises, Campus Activewear, Capacite Infraprojects, Deccan Cements, Dreamfolks Services, EIH, Engineers India, Epack Durable, Essar Shipping, Exicom Tele-Systems, Exxaro Tiles, Finotex Chemical, Gensol Engineering, General Insurance Corp., Goodluck India, Hind Rectifiers, Imagicaaworld Entertainment, Ingersoll-Rand (India), J. Kumar Infraprojects, Man Industries, Medplus Health Services, Mirza International, MMTC, Monte Carlo Fashions, MTAR Technologies, NBCC (India), Orissa Minerals Development Co., Apeejay Surrendra Park Hotels, PTC Industires, Popular Vehicles and Services, Ramco Industries, Responsive Industries, Rites, RR Kabel, Salzer Electronics, Supriya Lifesciences, TCPL Packing, TTK Prestige, Veranda Learning Solutions, Vibhor Steel Tubes, and Wockhardt

Life Insurance Corp. Q4 FY24 (Standalone, YoY)

• Net premium income up 15.6% at Rs 1.52 lakh crore from Rs 1.32 lakh crore.

  Net profit up 2.5% at Rs 13,763 crore from Rs 13,428 crore

• APE grew 11% to Rs 21,180 crore vs 19,137 crore

• VNB margins at 17.2% versus 19.2%

• Indian embedded value rose 25% to Rs 7.27 lakh crore

Lakshmi Machine Works Q4 FY24 (Consolidated, YoY)

• Revenue down 25.5% at Rs 971 crore vs Rs 1,303 crore (Bloomberg estimate Rs 1,252 crore).

• Ebitda down 37.9% at Rs 73 crore vs Rs 118 crore (Bloomberg estimate Rs 120 crore).

• Margin at 7.6% vs 9.1% (Bloomberg estimate 9.6%).

• Net profit down 29.9% at Rs 66 crore vs Rs 94 crore (Bloomberg estimate Rs 91 crore).

• Board recommends dividend of Rs 75 per share.

Natco Pharma Q4 FY24 (Consolidated, YoY)

• Revenue up 19% at Rs 1,068 crore vs Rs 898 crore (Bloomberg estimate Rs 952 crore).

• Ebitda up 46.7% at Rs 497 crore vs Rs 339 crore.

• Margin at 46.6% vs 37.8%.

• Net profit up 40.1% at Rs 386 crore vs Rs 276 crore (Bloomberg estimate Rs 338 crore).

Lumax Auto Technologies Q4 FY24 (Consolidated, YoY)

• Revenue up 53.5% at Rs 757 crore vs Rs 493 crore (Bloomberg estimate Rs 819 crore).

• Ebitda up 62.2% at Rs 92 crore vs Rs 57 crore (Bloomberg estimate Rs 124 crore).

• Margin at 12.1% vs 11.5% (Bloomberg estimate 15.2%).

• Net profit at Rs 51 crore vs Rs 24 crore (Bloomberg estimate Rs 47 crore).

Astrazeneca Pharma (YoY)

• Revenue up 34.6% at Rs 383 crore vs Rs 285 crore.

• Ebitda down 17.6% at Rs 49 crore vs Rs 60 crore.

• Margin at 12.9% vs 21%.

• Net profit up 129% at Rs 39 crore vs Rs 17 crore.

Gujarat Mineral Development Corp. Q4 FY24 (Consolidated, YoY) 

• Revenue down 20.8% at Rs 751 crore vs Rs 948 crore.

• Ebitda down 47.3% at Rs 205 crore vs Rs 390 crore.

• Margin at 27.4% vs 41.1%.

• Net profit down 53.2% at Rs 207 crore vs Rs 442 crore.

Sumitomo Chemical India Q4 FY24 (Consolidated, YoY)

• Revenue up 3.5% at Rs 674 crore vs Rs 652 crore (Bloomberg estimate Rs 651 crore).

• Ebitda up 73.9% at Rs 140 crore vs Rs 81 crore (Bloomberg estimate Rs 101 crore).

• Margin at 20.8% vs 12.4% (Bloomberg estimate 15.5%).

• Net profit up 52.4% at Rs 110 crore vs Rs 72 crore (Bloomberg estimate Rs 80 crore).

Elgi Equipments Q4 FY24 (Consolidated, YoY)

• Revenue up 3.6% at Rs 866 crore vs Rs 836 crore (Bloomberg estimate Rs 920 crore).

• Ebitda down 1.7% at Rs 125 crore vs Rs 127 crore (Bloomberg estimate Rs 144 crore).

• Margin at 14.5% vs 15.2% (Bloomberg estimate 15.7%).

• Net profit down 55.2% at Rs 76 crore vs Rs 170 crore (Bloomberg estimate Rs 110 crore).

National Aluminium Co. Q4 FY24 (Consolidated, YoY)

• Revenue down 2.5% at Rs 3,579 crore vs Rs 3,671 crore (Bloomberg estimate Rs 3,924 crore).

• Ebitda up 44.4% at Rs 1,108 crore vs Rs 767 crore (Bloomberg estimate Rs 843 crore).

• Margin at 30.9% vs 20.9% (Bloomberg estimate 21.5%).

• Net profit at Rs 997 crore vs Rs 495 crore (Bloomberg estimate Rs 552 crore).

Benchmarks in the Asia-Pacific markets were trading slightly lower as investors exercised caution before release of a slew of economic data from the region.

The Nikkei 225 was 41.39 points or 0.11% lower at 38,858.63, and the S&P ASX 200 was 0.90 points or 0.01% down at 7,787.40 as of 06:36 a.m.

Inflation data from Japan, Australia, and euro region are scheduled to be released later this week.

Financial markets in the US were closed on Monday for Memorial Day.

Brent crude oil contract for delivery in July was trading 0.04% lower at $83.06 per barrel as of 06:40 a.m. Gold was trading 0.01% lower at $2,350.76.

The GIFT Nifty was trading 3 points or 0.01% higher at 23,028.50 as of 06:41 a.m.

India's benchmark stock indices ended marginally lower on Monday after hitting record highs, tracking losses in shares of Reliance Industries, ITC and Mahindra & Mahindra. The NSE Nifty 50 closed 24.65 points or 0.11% lower at 22,932.55, and the S&P BSE Sensex settled 19.89 points or 0.03% down at 75,390.50.

During the day, the Nifty rose as much as 0.67% to 23,110.80, while the Sensex jumped 0.79% to 76,009.68.

Overseas investors in Indian equities remained net sellers for the second straight session. Foreign portfolio investors offloaded stocks worth Rs 541.2 crore, while domestic institutional investors turned net buyers after a day of selling and mopped up equities worth Rs 922.6 crore, according to provisional data from the NSE.

The Indian rupee weakened by 5 paise to close at 83.14 against the U.S. dollar.