- On Tuesday,
Sensex ended 287 points down at 59,543 whileNifty50 closed 74 points lower at 17,656. - FMCG giants including Hindustan Unilever, Nestle India, Britannia Industries were some of the top losers on Nifty50.
- While most FMCG firms delivered healthy Q2 earnings reports, companies are also wary of an inflationary environment.
On Tuesday, Sensex ended 287 points down at 59,543 while Nifty50 closed 74 points lower at 17,656. Today’s session put a break to the 7-day market rally seen which had persisted in spite of weak global trends.
Meanwhile, in
FMCG giants including Hindustan Unilever, Nestle India, Britannia Industries were some of the top losers on Nifty50 today.
While most FMCG firms delivered healthy Q2 earnings reports, companies were wary of an inflationary environment.
Last week, in September quarter earnings, $4impacting the demand environment and says it is ‘cautiously optimistic in the near-term’.
Moreover, the fall in heavyweight Reliance Industries also dragged down the index. This comes after the Mukesh Ambani-led company, on October 21, $4on a year-on-year basis.
In a one-hour
“Indian Indices ended in the positive in the Muhurat trading session in-line with most such sessions in the past. Investors hope that the positive sentiment could get carried into a new Samvat year despite some macro and global headwinds,” said Dhiraj Relli, MD & CEO at HDFC Securities.
On Monday, Foreign Institutional Investors (FIIs) offloaded shares worth ₹153.89 crore, as per exchange data.
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