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The equity benchmarks settled lower for a second straight session on Tuesday, extending the previous day’s sharp decline, as caution prevailed ahead of the US Federal Reserve’s policy announcement.
At close, the Sensex was down 436.41 points or 0.51 percent at 84,666.28, and the Nifty was down 120.9 points or 0.47 percent at 25,839.65. About 2403 shares advanced, 1455 shares declined, and 127 shares were unchanged.
The biggest Nifty losers were Asian Paints, Tech Mahindra, Tata Steel, Dr Reddy’s Laboratories, Interglobe Aviation, while gainers included Titan Company, Shriram Finance, Adani Enterprises, Eternal, Bharat Electronics.
Among sectors, IT, auto, and metal are down 0.3-1 percent, while realty, telecom, capital goods, and PSU Bank are up 0.5-1 percent.
Among the broader market indices, the BSE midcap index added 0.6 percent, and the smallcap index rose 1.3 percent.
STOCKS TODAY
Spicejet
The shares of SpiceJet surged OVER 5.5 percent, extending gains for the third consecutive session. This comes as the airline said that it has strengthened its fleet and operational capacity with the addition of two new Boeing 737 aircraft across key routes.
Wipro
The shares of Indian IT company Wipro dropped over 1.5 percent along with other IT company shares as investors remain cautious ahead of the US Federal Reserve holding its FOMC meeting from December 9 to December 10.
ICICI Bank
ICICI Bank shares fell 1.05 percent after the lender announced the purchase of an additional 2 percent stake in ICICI Prudential Asset Management Company (ICICI AMC) for Rs 2,140 crore, ahead of the asset manager’s upcoming Rs 10,600 crore IPO later this week.
LT Foods
The shares of rice exporters dropped 0.89 percent after US President Donald Trump threatened to impose fresh tariffs on India’s rice exports to the US, dampening investor sentiment. The company claims that its ‘Royal’ brand is the top basmati rice brand in North America.
Kaynes Technology
The shares of Kaynes Technology India jumped more than 14 percent, snapping a four-session losing streak as positive brokerage notes uplifted investor sentiment. Macquarie, the international brokerage, has maintained its ‘Outperform’ rating on Kaynes Tech shares,
Source – Money Control