Sensex slumps for third day, ends 220 points lower on profit booking; RIL, banks drag
equity indices closed in the red for the third straight session on Tuesday in a highly volatile market, amid profit booking and pressure from index heavyweights Reliance Industries and banking stocks.
The BSE Sensex declined 220 points, or 0.29%, to settle at 75,170. Meanwhile, the broader NSE Nifty dropped 44 points, or 0.19%, to end at 22,888.
Reliance Industries, Bharti Airtel, ITC, Power Grid, ICICI Bank, and Axis Bank were the top contributors dragging down the Sensex.
Among individual stocks, DOMS Industries closed 2.6% higher after the company's net profit grew 29% year-over-year to Rs 47 crore in the March-ended quarter, with margins expanding by 40 basis points to 18.8%.
Inox Wind shares were locked in a 10% lower circuit after the promoter entity Inox Wind Energy (IWEL) likely sold its 5% stake in the company via block deal.
More to come....
(You can now subscribe to our ETMarkets WhatsApp channel)
Read more on economictimes.indiatimes.com
