The 30-share BSE Sensex fell 237.98 points or 0.84 percent to 28182.14 and the 50-share NSE Nifty dropped 74 points or 0.86 percent to 8529.45.
IT major Infosys was the biggest gainer in trade today, up 11 percent after stunning show in Q1 earnings.
Hindustan Unilever fell 2.3 percent, reacting to its disappointing earnings. The FMCG major missed estimates with revenue rising 5 percent year-on-year and profit up 0.2 percent in June quarter.
Asian Paints posted a 34 percent growth in profit and a 7.8 percent growth in revenue, which both were slightly ahead of estimates.
HDFC Bank posted 20.7 percent rise in profit to Rs 2,696 crore, in line with street estimates. Bharti Airtel rallied 3.7 percent after the telecom operator entered into exclusive agreement with France-based Orange to explore the sale of Airtel’s 4 African subsidiaries.
Nifty Trading Tips Tomorrow:
Bharti Airtel Ltd. is a ‘BUY’ call with a target of Rs 470 and a stop loss of Rs 435
IDBI Bank Ltd. is a ‘SELL’ call with a target of Rs 60 and a stop loss of Rs 65.50