Indian shares end choppy session lower as financials slip

Tata Consumer Products

06/09/2022 11:36

(Updates to close)
    BENGALURU, Sept 6 (Reuters) - Indian shares closed a choppy
session slightly lower on Tuesday, weighed down by heavyweight
financials, although gains in energy and metal stocks limited
some of the losses.
    The NSE Nifty 50 index  .NSEI  ended down 0.06% at 17,655.6,
while the S&P BSE Sensex  .BSESN  slipped 0.08% to 59,196.99,
after swaying between gains and losses during the session.
    The indexes got off to a muted start in September in the
absence of any major triggers, after gaining for two consecutive
months.
    Asia's main stock markets also barely moved Tuesday, with
MSCI's gauge of Asia-Pacific stocks outside Japan
 .MIAPJ0000PUS  finishing 0.02% in the red. Meanwhile, oil fell
as concerns returned about weaker demand and the prospect of
more interest rate hikes.  MKTS/GLOB 
    In Mumbai, heavweights Bajaj Finserv  BJFS.NS  and Bajaj
Finance  BJFN.NS  fell 2.3% and 1.1%, respectively.
    Consumer goods companies Hindustan Unilever  HLL.NS ,
Britannia Industries  BRIT.NS  and Tata Consumer Products
 TACN.NS  fell 1.1%-2.3%. 
    Index heavyweight Reliance Industries  RELI.NS  gained 1.1%
after the company said it would acquire a 79.4% stake in
California-based solar energy software developer SenseHawk for
$32 million as part of efforts to boost renewable energy output.
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    Apollo Hospitals Enterprise   APLH.NS  advanced 3.1% and was
the top percentage gainer on the Nifty 50, while Bharti Airtel
 BRTI.NS  was a close second with a 2.8% rise.
    The Nifty Metal index  .NIFTYMET  climbed 1.3%, while the
Nifty Energy index  .NIFTYENR  advanced 1.3%.
    DreamFolks Services  DREM.NS , India's largest airport
service aggregator, soared 41.8% in its market debut. Shares
climbed to as much as 549 rupees, as against an issue price of
326 rupees, before settling at 462.4 rupees.  urn:newsml:reuters.com:*:nL4N30D0XT
    Kalpataru Power Transmission  KAPT.NS  rose 6.2% after the
company won orders worth $168 million.
    New Delhi Television  NDTV.NS  slid 5% after surging more
than 50% over the last nine sessions amid a takeover battle
between its promoters and the Adani Group.

 (Reporting by Chris Thomas in Bengaluru; Editing by Dhanya Ann
Thoppil)
 ((chris.thomas@thomsonreuters.com; +91 80 6210 0487;))