INSUBCONTINENT EXCLUSIVE:
ICICI Bank, HDFC and Axis Bank acquired around 1-2 per cent each on the BSE in a weak marketThe benchmark indices ended at a loss for the
3rd succeeding day, although they did manage to recover some lost ground in the last hour of trade, amid heightened volatility
The Sensex had actually nosedived more than 700 points at the lowest point of the day in twelve noon trading before ending at 60,923, lower
by 336 points or 0.55 percent and the NSE Nifty closed at 18,178, down 88 points or 0.48 per cent
The broader markets also ended at a loss, albeit off the lows of the day; the BSE midcap index shed 0.2 per cent and smallcap index ended
lower by 0.6 per cent.On the stock-specific front, Asian Paints, RIL and Infosys had a rough session of trade
Asian Paints tumbled 4 per cent to top the losers list on the BSE after publishing a 29 percent decline in net profit to Rs 605.2 crore in
the September 2021 quarter as against Rs 852 crore in the exact same quarter last year
Index heavyweight Reliance Industries lost 2 percent ahead of its September quarter results set up post market hours on Friday
Dr Reddy's , Tata Steel and TCS were other substantial losers in the BSE pack
On the other hand, banking and financial stocks saw buying interest
Kotak Mahindra Bank was the top gainer on the Sensex, surging more than 6 per cent to a brand-new 52-week high of Rs 2,151
ICICI Bank, HDFC and Axis Bank likewise jumped around 1-2 per cent each on the BSE.The market breadth was weak
Out of 3,425 shares traded on the BSE, there are 1,588 advancing shares as against 1,690 decreases.
