Indian shares tumble

05 May, 2021

BENGALURU: Indian shares ended at their lowest level in more than a week on Tuesday, dragged by heavyweight financials, energy and IT stocks, as domestic coronavirus cases crossed the grim milestone of 20 million.

The NSE Nifty 50 index dropped 0.94% to 14,496.5, while the benchmark S&P BSE Sensex closed 0.95% lower at 48,253.51, after swinging in choppy trading for most of the session.

Conglomerate Reliance Industries Ltd and top lender HDFC Bank Ltd were the biggest drags on the benchmark indexes, falling 2.2% and 1.9%, respectively.

IT major Infosys Ltd slid 1.7%. Metal shares, which touched record highs earlier in the session on strong prices, ended 0.6% lower.

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