MARKET UPDATE:Sensex at 58,343, down 300 points, while Nifty lower by 90 points at 17,426
Published On: Monday, February 7, 2022 | By: Team KnowMyStock
The Indian benchmark indices were extending losses amid high volatility and were down 0.5 percent each today(7th February 2022). The BSE Sensex was at 58,343, down 300 points, while the NSE Nifty was lower by 90 points at 17,426. Among top gainers on the Sensex, SBI, PowerGrid, Tata Steel, NTPC, Reliance, Tech M and Bajaj Finserv were the only stocks in the green zone, up between 0.8-2 percent. Bajaj Finance, M&M, Dr. Reddy's, L&T, Bharti Airtel, Infosys, Asian Paints, HDFC twins, Wipro, and ITC were the top laggrads, down 1-2 percent. On the Nifty, Hero MotoCorp, Bajaj Auto, Divis Labs, Cipla, and Eicher Motors were the additional losers. This apart, the BSE Auto index was down over 1 percent and was a prominent loser sectorally.
Among stocks, airline company InterGlobe Aviation was trading 7 per cent higher on the BSE after its strong Q3 results. It reported a net profit of Rs 129.80 crore for the December quarter as against a loss of Rs 620.10 crore in the year-ago quarter. Revenue from operations came in at Rs 9,294.80 crore, a rise of 89.3 per cent over the same period last year.
Further, shares of pharma company FDC surged 8 per cent to Rs 319 on the BSE after the company said that its board will meet on February 9, 2022 to consider the proposal for buyback of equity shares of the company through tender offer route.
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