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.
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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.