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Marketss ends at record high 40, Nifty above 450; Infy down 114%

Among individual stocks, Infosys fell nearly 3% after MD Ranganath, its chief financial officer (CFO), quit the IT major to pursue external opportunities.

A K Bhattacharya 


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A weaker-than-expected GDP growth for the first quarter of the financial year 2020 (Q1FY20) weighed on investor sentiment on Tuesday as the domestic equities ended with over 2 per cent losses. That apart, weak global cues also added to the woes.

The S&P BSE Sensex tumbled 770 points or 2.06 per cent to settle at 36,563. Out of 30 constituents, 28 scrips ended in the red while only two closed in the green.

BUZZING STOCKS Shares of IT firm Mindtree were trading flat in the opening deals on Tuesday after the engineering and construction major Larsen & Toubro (L&T) last night announced the purchase of a 20.32 per cent stake in the company for Rs 3,269 crore. READ MORE Shares of Anil Dhirubhai Ambani Group (ADAG)
financial bill companies were trading higher with Reliance Communications (RCom) hitting upper circuit of 10 per cent at Rs 4.40 on the BSE after the company cleared the entire dues to Ericsson India to purge the contempt of a Supreme interim budget Court order.

Mozambique flood. Photo: Reuters

TRADE SET-UP Asian shares treaded water on Tuesday ahead of a U.S. Federal Reserve policy meeting, hovering near six-month highs. MSCI’s broadest index of Asia-Pacific shares outside Japan was virtually flat, just a hair away from the highest level since September 21. Japan’s Nikkei average dropped 0.5 per cent, while Australian market stocks eased 0.1 per cent. In the commodity market, oil prices hovered just below 2019 highs early on market liveTuesday, modi win supported by ongoing supply cuts led by producer club OPEC.

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First Published: Fri, January 09 2015. 04:45 IST
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