Domestic equities ended in red, nearly flat on Tuesday, amid volatility, after raids residences linked to Hero MotoCorp’s Pawan Munjal residence, and tracking key Q1 results. BSE benchmark Sensex slipped 68.36 points, or 0.10 per cent to close at 66,459.31, while broader NSE Nifty50 was up 16.50 points, or 0.08 per cent at 19,737.30 .
Maruti Suzuki slipped over 1 per cent after India’s largest automobile company’s net profit for the June quarter more than doubled to Rs 2,485 crore, and its revenue from operations jumped 22 per cent to Rs 32,326.9 crore.
Power Grid was the top loser in the Sensex index, down over 5 per cent, after the company’s net profit declined nearly 6 per cent to Rs 3,542.7 crore, from Rs 3,801 crore in the year-ago period.
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PVR Inox ended 0.51 per cent higher at Rs 1,565 after the multiplex chain posted a consolidated net loss of Rs 82 crore for the June quarter ended June 30 versus a net profit of Rs 53.2 crore in Q1FY23.
Shares of Hero MotoCorp tanked 3.24 per cent on NSE after reports stated that the ED on Tuesday conducted raids against the automaker’s executive chairperson Pawan Munjal and others as part of a money laundering investigation.
Coal India, NTPC, Tech Mahindra, HCLTech, LTI Mindtree, Eicher Motors, M&M, TCS, Axis Bank, Infosys, HDFC Bank, and Cipla were the top gainers in today’s session.
On the other hand, Power Grid, Hero MotoCorp, Apollo Hospitals, Adani Ports, Bajaj Finserv, IndusInd Bank, Divis Lab, SBI, Reliance, Maruti, and Asian Paints were the topmost drag.
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Smallcap indices were the best performers today, as Nifty Smallcap 50 jumped 0.83 per cent, Nifty Microcap 250 gained 0.87 per cent, Nifty Smallcap 100 rose 0.64 per cent, and Nifty Smallcap 250 climbed 0.20 per cent today.
Sectorally, Nifty IT jumped 1.15 per cent, the metal index rose 0.15 per cent, but the majority of indices ended in the red. Nifty Realty tanked 1.52 per cent, PSU Bank slipped 0.50 per cent, healthcare tanked 0.35 per cent, and oil & gas fell 0.33 per cent.