AGL 37.99 Increased By ▲ 0.42 (1.12%)
AIRLINK 131.50 Decreased By ▼ -1.00 (-0.75%)
BOP 5.60 Decreased By ▼ -0.04 (-0.71%)
CNERGY 3.79 Increased By ▲ 0.02 (0.53%)
DCL 8.64 Decreased By ▼ -0.23 (-2.59%)
DFML 40.80 Decreased By ▼ -0.20 (-0.49%)
DGKC 87.50 Decreased By ▼ -2.66 (-2.95%)
FCCL 34.66 Decreased By ▼ -0.42 (-1.2%)
FFBL 65.69 Decreased By ▼ -0.81 (-1.22%)
FFL 10.34 Increased By ▲ 0.19 (1.87%)
HUBC 108.90 Increased By ▲ 2.50 (2.35%)
HUMNL 14.10 Increased By ▲ 0.70 (5.22%)
KEL 4.78 Decreased By ▼ -0.08 (-1.65%)
KOSM 6.82 Decreased By ▼ -0.03 (-0.44%)
MLCF 41.36 Decreased By ▼ -0.44 (-1.05%)
NBP 59.50 Increased By ▲ 0.92 (1.57%)
OGDC 180.60 Decreased By ▼ -0.65 (-0.36%)
PAEL 25.40 Decreased By ▼ -0.30 (-1.17%)
PIBTL 5.89 Increased By ▲ 0.06 (1.03%)
PPL 145.50 Decreased By ▼ -2.90 (-1.95%)
PRL 23.25 Increased By ▲ 0.03 (0.13%)
PTC 15.33 Increased By ▲ 0.09 (0.59%)
SEARL 67.66 Decreased By ▼ -1.13 (-1.64%)
TELE 7.25 Increased By ▲ 0.01 (0.14%)
TOMCL 35.70 Decreased By ▼ -0.30 (-0.83%)
TPLP 7.50 Increased By ▲ 0.10 (1.35%)
TREET 14.13 Decreased By ▼ -0.11 (-0.77%)
TRG 50.75 Decreased By ▼ -0.10 (-0.2%)
UNITY 26.38 Decreased By ▼ -0.02 (-0.08%)
WTL 1.22 Increased By ▲ 0.01 (0.83%)
BR100 9,738 Decreased By -30.2 (-0.31%)
BR30 29,401 Increased By 1.3 (0%)
KSE100 91,720 Decreased By -217.7 (-0.24%)
KSE30 28,616 Decreased By -127.7 (-0.44%)

Indian shares tumbled on Monday, dragged by financial stocks such as Housing Development Finance Corp, while Larsen & Toubro Ltd declined after it cut its full-year order flow growth guidance. The broader NSE index closed 0.94 percent lower at 10,224.95, while the benchmark BSE index was down 0.84 percent at 33,033.56.
Housing Development Finance Corp ended 2.3 percent lower, while Larsen & Toubro Ltd closed down 1.9 percent. Oil remained well supported as ongoing output cuts led by the Organization of the Petroleum Exporting Countries and Russia contributed to a significant reduction in excess supplies and as tensions in the Middle East raised the prospects of supply disruptions.
"Rising crude is weighing on the market and has become a major concern," said K. K. Mittal, Vice President at Venus India Asset Finance. Larsen & Toubro fell 2.5 percent on cutting its order flow guidance to nil-to-marginal growth. The engineering company, however, posted a rise in second-quarter profit but said its order inflow fell due to a subdued investment environment.
Energy shares declined, with the Nifty energy index down 0.9 percent. The index has declined for seven sessions out of eight. Reliance Industries fell 0.6 percent. Coal India Ltd dropped 2.4 percent after reporting a 40 percent fall in second-quarter profit.
Bharat Petroleum Corp Ltd fell as much as 3.7 percent to its lowest in four weeks, after its September-quarter profit missed market estimates. Among the gainers, State Bank of India rose 1.5 percent after its quarterly results on Friday indicated a slower build-up of bad loans. Axis Bank Ltd jumped 1.8 percent to its highest since September 2016 after the bank said it will raise capital by selling securities to a group of investors including Bain Capital and Life Insurance Corp.

Comments

Comments are closed.