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Indian shares edge down as IT and realty outpace FMCG weakness
The Nifty IT index jumped 3.3%, while Nifty FMCG, Nifty Chemicals, and Nifty PSU Bank each fell more than 1%.
LiveMint Markets said Indian equity benchmarks ended Tuesday with modest losses, as gains in IT and realty were offset by weakness in FMCG and financial shares. The Nifty 50 finished 0.04% lower at 23,987 and the S&P BSE Sensex slipped 0.07% to 76,779, despite a mixed sector showing.
According to the report, Nifty IT led the upside, rising 3.28%, while Nifty Realty and Nifty Consumer Durables also gained more than 1% each. On the downside, Nifty FMCG, Nifty Chemicals, and Nifty PSU Bank fell over 1% apiece, and additional losers included Nifty Metal, Nifty Cement, and Nifty Media.
The outlet also pointed to sharp weakness across Asia, led by South Korea's Kospi, which dropped 11% on a sell-off in heavyweight technology stocks including SK Hynix and Samsung Electronics. It added that Brent crude extended Monday’s decline, falling another 1.3% to around $87.25 a barrel after the United States paused its daily strikes on Iran and President Donald Trump signaled a possible deal with Tehran.
LiveMint Markets cited company-level movers in India, including Coforge, which jumped 10.3% to ₹1,686 after investors reacted to a better-than-expected June quarter, and City Union Bank, which rose 7.5% to ₹238 following its quarterly results. It also noted shares of Affle 3i, Lodha Developers, and Kalyan Jewellers gaining on the day, alongside the broader theme of renewed volatility in global technology stocks weighing on sentiment.
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