Market Updates: Sensex dips close to 58,300 while Nifty at 17,350; ITC top gainer

Domestic benchmark indices opened in the green, however quickly erased all profits to trade with losses. S&P BSE Sensex was close to 58,200 stages while the NSE Nifty 50 was nearing 17,350.

On Tuesday, the Indian equity benchmark indices opened in the green, however quickly erased all profits to trade with losses. S&P BSE Sensex was close to 58,200 stages while the NSE Nifty 50 was nearing 17,350. Bank Nifty was down with losses, falling underneath 36,500 stages.

India VIX was still above 15 levels. Tata Steel was up 1% because the pinnacle Sensex gainer, observed via way of means of Asian Paints, ITC, HUL, and Titan. Axis Bank was the pinnacle drag, followed by Sun Pharma, Kotak Mahindra Bank, ICICI Bank, and Dr Reddy’s. ITC is the top gainer on Sensex, surging 1.91 %.

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Jindal Steel & Power (JSPL) share rate added 2 percent on September 7 after the corporation reported higher sales and manufacturing numbers for August. The corporation’s metal sales extent increased 6 percent month-on-month and four percentage year-on-year (YoY) to 7.1 lakh tonnes. It’s monthly manufacturing additionally rose 6 percent YoY to 6.6 lakh tonnes and exports increased to 42 percent in August.

The construction arm of L&T has secured a considerable order for its water and effluent treatment business in India. Larsen & Toubro was quoting at Rs 1,696.95, up to Rs 2.05, or 0.12 percent at the BSE.