Key Benchmark indices BSE Sensex and NSE Nifty closed lower for a second consecutive day on Tuesday, April 18, as investors remained cautious amid disappointing earnings from IT majors TCS and Infosys.
Reliance Industries, HDFC Bank, and ICICI Bank, three index heavyweights, all fell, with the dampening sentiment. The 30-share BSE Sensex reversed its early gains and dropped 183.74 points, or 0.31%, to close at 59,727.01. It dropped 331.45 points or 0.55% over the day to a low of 59,579.30. The NSE Nifty index as a whole fell 46.70 points, or 0.26%, to finish at 17,660.15.
The top laggards among the Sensex pack of stocks were Power Grid, UltraTech Cement, Titan, Reliance Industries, Bajaj Finance, Mahindra & Mahindra, ICICI Bank, Tata Consultancy Services, Tech Mahindra, ITC, and HDFC Bank. On the other hand, among the winners were HCL Technologies, IndusInd Bank, Wipro, Nestle, Maruti, Larsen & Toubro, and Asian Paints.
International Markets: In Asian markets, Tokyo Shanghai closed higher while Seoul and Hong Kong ended lower. During the afternoon trade, European markets were trading up. On Monday, the U.S. stock markets posted positive closing prices.
On Monday, the Sensex fell 520.25 points, or 0.86%, to finish at 59,910.75. The Nifty finished at 17,706.85 after losing 121.15 points (0.68%).
The benchmark Brent crude price fell 0.12% to USD 84.66 a barrel in the meantime.
According to exchange statistics, foreign portfolio investors (FPIs) sold shares of stock on Monday totaling $533.20 crore.
Sebi implements dispute resolution process for LPCC
NSE to introduce crude, natural gas futures contracts from May 15
