Sensex sheds 59 pts; Nifty settles beneath 11,150

Mumbai, July 22

Snapping its five-session successful run, fairness benchmark Sensex dropped 59 factors on Wednesday, dragged by losses in Infosys, HUL and HDFC Bank amid weak cues from international markets.

After swinging 599 factors in a unstable session, the 30-share BSE benchmark completed 58.81 factors, or 0.16 per cent, decrease at 37,871.52.

Similarly, the NSE Nifty slipped 29.65 factors, or 0.27 per cent, to shut at 11,132.60.

HUL was the highest loser within the Sensex pack, shedding round three per cent, adopted by Tata Steel, Infosys, Maruti, IndusInd Bank, L&T, Asian Paints and TCS.

On the opposite hand, Axis Bank, Titan, PowerGrid, ITC, NTPC and Reliance Industries had been among the many gainers.

According to merchants, apart from stock-specific motion, market succumbed to profit-booking at greater ranges. Weak cues from international markets additionally stored buyers cautious.

Bourses in Hong Kong, Seoul and Tokyo ended within the crimson, whereas Shanghai settled on a optimistic word.

Stock exchanges Europe had been buying and selling with important losses in early offers.

Meanwhile, worldwide oil benchmark Brent crude futures slipped 0.74 per cent to USD 43.99 per barrel.

In the foreign exchange market, the rupee pared settled on a flat word at 74.75 in opposition to the US greenback. PTI


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