AIRLINK 65.20 Decreased By ▼ -0.70 (-1.06%)
BOP 5.57 Decreased By ▼ -0.12 (-2.11%)
CNERGY 4.56 Decreased By ▼ -0.09 (-1.94%)
DFML 24.52 Increased By ▲ 1.67 (7.31%)
DGKC 69.96 Decreased By ▼ -0.74 (-1.05%)
FCCL 20.30 Decreased By ▼ -0.05 (-0.25%)
FFBL 29.11 No Change ▼ 0.00 (0%)
FFL 9.83 Decreased By ▼ -0.10 (-1.01%)
GGL 10.01 Decreased By ▼ -0.07 (-0.69%)
HBL 114.25 Decreased By ▼ -1.00 (-0.87%)
HUBC 129.10 Decreased By ▼ -0.40 (-0.31%)
HUMNL 6.71 Increased By ▲ 0.01 (0.15%)
KEL 4.44 Increased By ▲ 0.06 (1.37%)
KOSM 4.89 Decreased By ▼ -0.13 (-2.59%)
MLCF 37.00 Increased By ▲ 0.04 (0.11%)
OGDC 132.30 Increased By ▲ 1.10 (0.84%)
PAEL 22.54 Increased By ▲ 0.06 (0.27%)
PIAA 25.89 Decreased By ▼ -0.41 (-1.56%)
PIBTL 6.60 Increased By ▲ 0.07 (1.07%)
PPL 112.85 Increased By ▲ 0.73 (0.65%)
PRL 29.41 Increased By ▲ 1.02 (3.59%)
PTC 15.24 Decreased By ▼ -0.87 (-5.4%)
SEARL 57.03 Decreased By ▼ -1.26 (-2.16%)
SNGP 66.45 Increased By ▲ 0.76 (1.16%)
SSGC 10.98 Decreased By ▼ -0.04 (-0.36%)
TELE 8.80 Decreased By ▼ -0.14 (-1.57%)
TPLP 11.70 Increased By ▲ 0.17 (1.47%)
TRG 68.62 Decreased By ▼ -0.62 (-0.9%)
UNITY 23.40 Decreased By ▼ -0.55 (-2.3%)
WTL 1.38 Increased By ▲ 0.03 (2.22%)
BR100 7,295 Decreased By -9.1 (-0.12%)
BR30 23,854 Decreased By -96 (-0.4%)
KSE100 70,290 Decreased By -43.2 (-0.06%)
KSE30 23,171 Increased By 50.4 (0.22%)

BENGALURU: Indian shares broke their longest gaining streak since last October on Monday, as automakers slid and index heavyweight Reliance Industries dragged after its earnings fell short of expectations.

The NSE Nifty 50 index fell 0.53% to 16,631, while the S&P BSE Sensex slipped a tad more to 55,766.22, after rising for six straight sessions.

Last week, the indexes rose more than 4% each in their best performances since February 2021 amid expectations that inflation had peaked, even as markets across the globe geared up for central banks to deliver more rate hikes.

The US Federal Reserve is expected to raise interest rates by another 75 basis points later this week as it looks to tackle stubbornly high inflation, while India’s central bank will meet next week to set the policy roadmap.

India’s most valuable company Reliance fell 3.3% on its worst day since July 1, after its first-quarter profit missed estimates due to surge in costs.

Shares of food delivery firm Zomato plunged 11.3% to a record low as a one-year lock-in period for promoters, employees and other investors came to an end following a blockbuster listing last year.

The Nifty Auto index, which had jumped 8% this month up to Friday’s close, slid 1.7%, led by a fall in Mahindra and Mahindra and top carmaker Maruti Suzuki.

Ahead of quarterly results, Nifty 50 component Tata Steel added 2.6%, Axis Bank slipped 0.5%, while Tech Mahindra lost 1.1%.

Comments

Comments are closed.