HDFC Bank's earnings miss and escalating West Asia tensions pushed Sensex down 238 points, with Brent crude at $90.03. FIIs sold Rs 1,121 crore on Monday.
Indian benchmark indices Sensex and Nifty extended their decline for a second session on Tuesday, with HDFC Bank's disappointing quarterly earnings and escalating US-Iran tensions weighing on sentiment. The 30-share BSE Sensex fell 238.41 points, or 0.31%, to settle at 77,470.11. The 50-share NSE Nifty dropped 50.80 points, or 0.21%, to 24,187.70.
HDFC Bank declined 2% for the second consecutive day after its quarterly report disappointed on the margin front. Reliance Industries and State Bank of India were also among the laggards. Bajaj Finserv and InterGlobe Aviation led the winners.
AlphaScala's Alpha Score stands at 38/100 for HDB, labeled Mixed, and 57/100 for INFY, labeled Moderate.
Foreign institutional investors offloaded equities worth Rs 1,121.04 crore on Monday, exchange data showed. Brent crude climbed 0.66% to $90.03 per barrel, adding to the risk-off mood. The oil benchmark is tracked closely for its impact on India's import bill.
Asian markets were mixed. South Korea's KOSPI rebounded 3.56%, Japan's Nikkei 225 climbed 3.26%, and Shanghai's SSE Composite rose 1.79%. Hong Kong's Hang Seng ended marginally lower.
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