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Sensex Sheds 59 Points On Losses In HUL, Tata Steel, Infosys

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Sensex Sheds 59 Points On Losses In HUL, Tata Steel, Infosys
PTI - 22 July 2020

Mumbai, July 22: Snapping from its five-session winning run, equity benchmark Sensex Wednesday dropped 59 points, dragged by losses in HUL, Tata Steel and Infosys amid weak cues from global markets.

After swinging 599 points in a volatile session, the 30-share BSE benchmark finished 58.81 points, or 0.16 per cent, lower at 37,871.52.

NSE Nifty also slipped 29.65 points, or 0.27 per cent, to close at 11,132.60 level.

HUL shed around three per cent as the top loser in the Sensex pack, followed by Tata Steel, Infosys, Maruti, IndusInd Bank, L&T, Asian Paints and TCS.

On the other hand, Axis Bank, Titan, PowerGrid, ITC, NTPC and Reliance Industries were among the gainers.

According to traders, besides stock-specific action, markets succumbed to profit-booking at higher levels. Weak cues from global markets also kept investors cautious.

Meanwhile bourses in Hong Kong, Seoul and Tokyo ended in the red, while Shanghai settled on a positive note. Stock exchanges Europe were trading with significant losses in early deals.

Further, international oil benchmark Brent crude futures slipped 0.74 per cent to US dollar 43.99 per barrel. In the forex market, the rupee settled on a flat note at 74.75 against the US dollar.

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