INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Shares of InterGlobe Aviation (IndiGo) (down 9.74 per cent), Can Fin Homes (down 6.02 per cent) and India Nippon Electricals
(down 5.57 per cent) plunged over 5 per cent on NSE in morning trade on Tuesday.
India's biggest airline IndiGo, reported a 97 per cent
plunge in its net profit for the April-June quarter, due to a weak operating performance
Its net profit fell to Rs 28 crore from Rs 811.1 crore a year earlier
Revenue from operations came in at Rs 6,512 crore, a 13.2 per cent increase on year
Texmaco Rail Engineering (down 4.98 per cent), KCP (down 4.33 per cent), Idea Cellular (down 4.20 per cent), Take Solutions (down 4.17 per
cent), Schneider Electric Infrastructure (down 4.01 per cent) and Seamec (down 3.95 per cent) declined up to 5 per cent.
Indian equity
market was in the negative territory tracking weak global cues.
Investors held back their bets as RBI's monetary policy meeting gets under
RBI Governor Urjit Patel-headed Monetary Policy Committee (MPC) is expected to announce its decision on the key policy rates on
Wednesday.
Global stocks fell as investors awaited critical monetary policy decisions this week
The Federal Reserve's Federal Open Market Committee too will announce its decision on Wednesday.
The NSE Nifty index was trading 25 points
down at 11,294, while the BSE Sensex was down 90 points at 37,404 around 10:05 am.
In the Nifty index, 26 stocks were in the green, while 24
were in the red.
Tech Mahindra, Dr
Reddy's Laboratories, HCL Technologies, NTPC and Hero MotoCorp were leading among Nifty scrips.
Indiabulls Housing Finance, Vedanta, HPCL,
HDFC and BPCL were among the top losers in the Nifty index.
