Stock Market Closing Bell: Indices among international composites ended with losses. Sensex declined by 930.55 points and Nifty by 309 points.
–Galla S Kiran Kumar, Bureau ChiefSensex opened the morning at 81,155.08 points (earlier close 81,151.27). The index, which had been falling since then, touched an intraday low of 80,149.53 points at one stage on the back of selling momentum in the giant’s shares. Finally ended at 80,220.72 with a loss of 930.55 points. Nifty also moved between 24,445.80-24,882.00. By the end of the market, it lost 309 points and settled at 24,472.10. The rupee closed at 84.08 against the dollar
In the Sensex 30 index, 27 stocks including M&M, SBI, Powergrid, TataSteel, IndusInd Bank, Tata Motors, L&T, NTPC, Bajaj Finance and Reliance lost. It is noteworthy that only ICICI Bank, Nestle India and Infosys shares ended in profit. In the international market, the price of a barrel of Brent crude oil is at 74.82 dollars, while an ounce of gold is trading at 2,744.90 dollars.
- Hyundai Motors India (Hyundai IPO) shares floated in the listing today. This IPO, which is eagerly awaited by investors, has entered Dalal Street with a discount of 1 percent. By the end of the market, the share price fell by 6.62 percent to Rs. Ended at 1830.15.
- Paytm has announced its second quarter results. It recorded a net profit of Rs.928.3 crore. In the wake of the results, the share fell by 5.78 percent to close at Rs.684.00.
Zomato Q2 Results
Leading food delivery platform Zomato posted a consolidated net profit of Rs 176 crore in its Q2 results. It recorded a growth of 36 percent compared to the profit recorded last year. The stock lost 3.44 percent to close at 256.55 by the end of the market on Tuesday. Zomato said in its regulatory filing today that the board has approved raising Rs 8,500 crore through QIP
