Saturday, August 13, 2022
HomeBUSINESSSensex falls over 200 points, Nifty in red

Sensex falls over 200 points, Nifty in red

NSE Nifty 50 index was down 0.37 per cent at 16,160.55, while the S&P BSE Sensex fell 0.43 per cent or 235.07 points to 54,246.77.

HIGHLIGHTS

  • Shares of TCS fell 2.3 per cent
  • The index heavyweight also pulled down tech index by 2 per cent
  • Shares of D-Mart owner Avenue Supermarts jumped 2.9 per cent

The Sensex and Nifty fell on Monday, dragged by technology companies after top IT services provider Tata Consultancy Services (TCS) missed estimates for June-quarter profit.

The NSE Nifty 50 index was down 0.37 per cent at 16,160.55, while the S&P BSE Sensex fell 0.43 per cent or 235.07 points to 54,246.77.

Shares of TCS fell 2.3 per cent, after it missed quarterly profit estimates by a wide margin as employee-related expenses soared. The index heavyweight also pulled down tech index by 2 per cent.

D-Mart owner Avenue Supermarts jumped 2.9 per cent after reporting strong quarterly results.

Looking ahead, India’s retail inflation data is due this week, with a Reuters poll showing that the reading likely held steady in June but well above the Reserve Bank of India’s tolerance limit for a sixth month.

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