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Sensex, Nifty Edge Lower On Weak Global Cues



(RTTNews) – Indian shares were a tad lower in early trade on Tuesday, as caution crept in ahead of the Federal Reserve’s interest-rate decision and earnings from big-tech companies including Apple and Alphabet.

The benchmark S&P/BSE Sensex slipped 210 points, or 0.4 percent, to 59,291 while the broader NSE Nifty index was down 80 points, or half a percent, at 17,568.

L&T fell nearly 2 percent despite reporting a 24 percent year-on-year rise in Q3 consolidated net profit.


Tech Mahindra lost about 3 percent after its quarterly consolidated net profit slipped 5.2 percent.

Adani Enterprises rose over 2 percent on news that Abu Dhabi-based International Holding Company PJSC has subscribed to 16 percent of the company’s FPO by investing a sum of $400 million.

LIC edged down slightly after clarifying on its exposure to the Adani Group.

Inox Leisure fell about 1 percent after widening its Q3 net loss.


Coal India edged up slightly, Indian Oil Corp gained 1.6 percent and Power Grid Corp added 2 percent ahead of their earnings results due today.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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