Top 5 stocks of the day: The top gainers were Mahindra & Mahindra, PowerGrid, Tata Steel, Hindustan Unilever, and Tata Motors. The top laggards of the Sensex pack included Bharti Airtel, State Bank of India, HDFC Bank, UltraTech Cement, Bajaj Finance, HDFC, NTPC, ITC, Reliance Industries, Tech Mahindra, ICICI Bank, and Tata Consultancy Services.
Sensex and NSE Nifty50
Reliance Industries and banking companies, as well as a sluggish trend in European markets, contributed to a 1% decline in Tuesday’s closing prices of the equity benchmarks Sensex and Nifty. The domestic equities market was badly impacted by ongoing withdrawals of foreign funds.
The 30-share BSE Sensex fell 631.83 points, or 1.04%, to close at 60115.48. It lost 808.93 points or 1.33 percent over the day to reach 59938.38.
The more inclusive NSE Nifty fell 187.05 points, or 1.03 percent, to finish at 17914.15.
CIL issues letter of acceptance for 9 coal mining projects to be implemented through MDO
Nine coal mining projects with a combined production capacity of over 127 million tonnes have received letters of acceptance from the government-owned Coal India Ltd (CIL), which will work with mine developers and operators to make them operational. Six further mining projects are in various stages of development.
The coal ministry released a statement saying, “The state-owned coal miner is tracking a total of 15 greenfield projects for implementation through MDOs (mining developers-cum-operators) with an investment component to the tune of around Rs 20600 crore primarily pertaining to land acquisition, rehabilitation, and resettlement issues, and in some cases on railway sidings.
Top 5 stocks of the day: Bond yields track U.S. peers lower for second session
On Tuesday, Indian government bond yields closed the day lower for the second time in a row as U.S. yields declined due to speculation that the Federal Reserve may scale back interest rate increases.
The next significant catalysts are now the Fed’s statement later in the day and the inflation numbers for India and the US, both due on Thursday.
The benchmark 10-year yield ended at 7.3133%, down from its Monday closing price of 7.3427%.
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