Sensex hits 62K, closes lower on fag-end selloff

Mumbai, October 19

Equity benchmarks closed with modest losses on Tuesday after a seven-session winning streak as investors opted to pocket some gains at record levels.

FMCG counters led the losses after HUL’s Q2 earnings missed estimates, while IT and private bank stocks stood tall. After scaling the 62,000-mark for the first time, the 30-share BSE Sensex succumbed to selling pressure in fag-end trade to close 49.54 points lower at 61,716.05.

Similarly, the Nifty shed 58.30 points or 0.32 per cent to close at 18,418.75. It touched a new intra-day record of 18,604.45 in early deals.

ITC was the top laggard in the Sensex pack, tanking 6.23 per cent, followed by HUL at 4.06%. FMCG major Hindustan Unilever Ltd (HUL) on Tuesday reported a 10.69% rise in consolidated net profit to Rs 2,185 crore for the second quarter ended September 2021. — PTI

ITC plunges 6.23%

• FMCG counters led the losses after HUL’s Q2 earnings missed estimates, while IT and private bank stocks stood tall
• After scaling the 62K-mark for the first time, the Sensex succumbed to selling pressure in fag-end trade to close 49.54 points lower at 61,716.05
• ITC was the top laggard in the Sensex pack, tanking 6.23%, followed by HUL at 4.06%