Markets halt seven-day winning streak; RIL, FMCG stocks weigh

Published on: 26 Oct 2022 at 08:49 AM

Published by: thefactnews

Mumbai, October 26

Equity benchmarks nursed losses on Tuesday as investors booked profits after a seven-session rally amid weak Asian market cues and foreign fund outflows.

The BSE Sensex failed to hold on the early gains and declined 287.70 points to finish at 59,543.96. During the day, it hit a low of 59,489.02 and a high of 60,081.24. On similar lines, the broader NSE Nifty fell 74.40 points to end at 17,656.35.

Nestle India was the top loser in the Sensex pack, slipping 2.83%, followed by Hindustan Unilever, Bajaj Finserv, Kotak Mahindra Bank, HDFC, Reliance Industries, Bajaj Finance and Asian Paints.

Market heavyweight Reliance Industries was the biggest drag on the benchmark following lacklustre Q2 results.