Indian shares subdued after weak start to Q4 earnings
时间:2024-06-26 15:12:54 阅读(143)
Indian shares were off to a muted start on Wednesday as sentiment remained weak after a lacklustre start to the quarterly earnings season, and amid weak global cues. The Nifty 50 fell 0.08% to 17,643.50, as of 9:37 a.m. IST, while the S&P BSE Sensex lost 0.12% to 59,653.73.
Upstream oil companies like Oil and Natural Gas Corporation Ltd and Oil India Ltd fell over 1%, while Reliance Industries traded marginally lower after the government raised windfall tax on crude to 6,400 rupees per tonne from no tax.
“Investors have been nervous after the dismal fourth-quarter performance of IT companies, although IT Index recovered on Tuesday after the drubbing in the previous session,” said Prashanth Tapse, senior vice president (research) at Mehta Equities.
Analysts expect the benchmark to remain volatile as corporate earnings trickle in. Among individual stocks, Piramal Pharma Ltd jumped over 6% after the U.S. drug regulator issued Emergency Inspection Report (EIR) for the manufacturing facility located at Sellersville.
猜你喜欢
- Share Market Highlights- Nifty ends above 18750, Sensex above 63000 at record closing highs; Powell’s speech eyed
- Share Market Highlights- Nifty settles above 20,900, Sensex over 69,500; Bank Nifty ends flat
- Share Market Highlights- Nifty settles below 17730, Sensex falls 220 pts; Bank Nifty rises 100 pts, Tata Steel tanks 5%
- Rockingdeals sets IPO price band at Rs 136–140 per share; opens on Nov 22
- SGX Nifty up, global cues, Aether Industries IPO, stocks under F&O ban; key things to watch on 25 May 2022
- Share acquisition case- Sebi, Reliance Industries spar at Supreme Court
- Rupee likely to depreciate on strong dollar, risk aversion in equity markets; USDINR to trade in this range
- Share Market Highlights- Nifty settles below 19550, Sensex below 65400; Midcaps stocks fall
- Aviation stocks- SpiceJet shares tumble 7%; IndiGo tanks over 5%