new delhi, Aug 5
The stock market on Tuesday erased previous session gains, as the Nifty remained below 24,700 amid selling seen in most of the sectoral indices, except auto.
At close, the Sensex was down 308.47 points, or 0.38%, at 80,710.25, while the Nifty dropped 73.20 points, or 0.30%, to 24,649.55.
The BSE Midcap index declined 0.14%, while the BSE Smallcap index shed 0.27%. On the Nifty, Titan was the top gainer, rising 2%, followed by IndusInd Bank (up 1.66%) and SBI Life (up 1.56%). Other top gainers included Maruti Suzuki, Coal India, Trent, and Eicher Motors — each adding over 1%.
The top loser was Adani Ports, down 1.94% following its Q1 results. Reliance Industries, Infosys, Adani Enterprises, and Cipla were other notable losers.
Among the sectors, barring auto and metals, most indices closed with cuts.
Pharma remained the top loser with a 0.83% loss. The FMCG index was another top drag, down 0.72%, while IT lost 0.48%.
Around 128 stocks hit 52-week highs, while 101 stocks touched 52-week lows.
Those on the highs were Aditya Birla Capital Ltd, Bosch Ltd, CCL Products (India) Ltd, Fortis Healthcare Ltd, Godfrey Phillips India Ltd, JK Cement Ltd, Nuvoco Vistas Corporation Ltd, Hitachi Energy India Ltd, Schneider Electric Infrastructure Ltd, Star Cement Ltd, TVS Motor Company Ltd, and Vishal Mega Mart Ltd.
While on the lows were Easy Trip Planners Ltd, PDS Ltd, Protean eGov Technologies Ltd, and Spicejet Ltd.
IndusInd Bank Ltd rallied 5% intraday after the Reserve Bank of India approved the appointment of Rajiv Anand as the new managing director and CEO.
Meanwhile, Oswal Pumps shares gained more than 5% to hit an intraday high of Rs 788 apiece.
All eyes are now on the RBI, which is set to announce its policy decisions. Anticipations are high on holding the rates steady when it announces the outcome of the August policy meeting.
