Markets fall in early trade dragged down by Reliance, weak global equities
The Hindu
The broader NSE Nifty dipped 70.35 points to 16,649.10.
Benchmark indices fell in early trade on Monday with the BSE Sensex declining over 255 points, largely dragged down by Reliance Industries and weak global equity markets.
The 30-share BSE benchmark fell 255.39 points to 55,816.84 in early trade. The broader NSE Nifty dipped 70.35 points to 16,649.10.
Among the Sensex constituents, Reliance Industries fell the most by over 3% despite the company reporting 46% jump in June quarter net profit.
The other laggards from the pack were Sun Pharma, Tech Mahindra, Nestle, HDFC, UltraTech Cement, NTPC and ITC.
IndusInd Bank, ICICI Bank, Axis Bank and Tata Steel were among the gainers.
Shares of ICICI Bank were trading 1% higher post announcement of its June quarter earnings.
ICICI Bank on Saturday reported a 55.04% jump in June quarter consolidated net profit to ₹7,384.53 crore, helped by a sharp reduction in provisions and strong core interest income.
According to BACL, the biophilic-inspired business park will offer smart workspaces within a vibrant public realm. The project’s most exceptional and breathtaking attribute lies in the Urban Forest, a lush oasis in the centre of the development. This green space will serve as a focal point, seamlessly blending indoor and outdoor spaces throughout the area. The upcoming metro station in Airport City will provide seamless connectivity to the business park from the northern side, ensuring convenient accessibility.