Home ›› 17 Nov 2021 ›› Stock
Indian shares ended lower on Tuesday as losses in finance and energy sectors wiped out gains from auto and tech stocks, with Reliance Industries and State Bank of India weighing on the blue-chip Nifty 50 index.
The NSE Nifty 50 index ended 0.61 per cent lower at 17,999.2 and the benchmark S&P BSE Sensex fell 0.65 per cent to 60,322.37.
The Nifty Bank Index fell as much as 1.27 per cent before ending 1.02 per cent lower, as concerns over rising prices and inflation remain. SBI and Federal Bank were the bottom performers on the sub-index, falling 2.26 per cent and 2.16 per cent, respectively.
"Mixed global cues are keeping participants on the edge and we expect the trend to continue, at least in the near future," Ajit Mishra, VP-Research, Religare Broking, wrote in a note.
"Among the sectors, the continuous underperformance of the banking pack was dragging the benchmark lower while others helped the index cap the damage," he added.
Among energy stocks, Adani Transmission, Reliance Industries and NTPC Ltd closed lower, shedding 2.99 per cent, 2.32 per cent and 2.08 per cent, respectively, while the Nifty Energy Index ended 1.34 per cent down.
Auto stocks, however, were upbeat, rising as much as 3.35 per cent before ending the day 2.48 per cent higher.
Maruti Suzuki gained as much as 8.3 per cent to record its biggest intraday gain since April 2020, before ending 7.29 per cent higher.
