Get App
The Indian stock indices extended losses tracking its Asian peers. The benchmark BSE closed 0.68% lower to 52198.51 and Nifty 50 fell 0.76% to 15632.10. Meanwhile, European shares advanced and Wall Street futures were higher.
The rupee appreciated 0.36% to Rs 74.61 against the U.S. dollar. The rupee opened lower at 74.95 against the greenback early on Tuesday.
Among Nifty sectoral indices, FMCG was the only sector ended in the green. The sector rose 0.11% to 36221.75 Other sectors in Nifty closed lower on Tuesday. Nifty bank, metal and realty lost 1.89%, 2.34% and 2.53% respectively.
HCL Tech ( HCLTECH) shares ended 2.32% down at Rs 977, after it posted lower-than-expected results on Monday after market close.
Cement making companies’ shares rallied on Tuesday after ACC posted strong quarterly results. ACC surged 6.93% to Rs 2301. Market leader UltraTech Cement rose 1.77% to Rs 7441.95. Other firms which gained were Ambuja Cement (4.41%), JK Lakshmi Cement (6.07%) and Birla Corp (6.31%).
Asian Paints reported higher consolidated net profit at Rs 574 crore in Q1 of FY22, up 161.38% from the year-ago period. Shares climbed 5.47% to Rs 3145.05.
Brent futures were up 0.34% at $68.85. Spot gold gained 0.29% to $1817.97.