Closing Update- Sensex and Nifty ended lower as investors took some cash off the table after indices registered record highs in the previous trading session. Investors eagerly awaited the Q2 earnings of Bharti Airtel. BSE Sensex was down 36.11 points at 33230.05, while the NSE Nifty closed lower by 24.50 points at 10, 339.20.
Shares of Axis Bank jumped over 9% on Tuesday as investors sentiments got elevated on news reports that Bain Capital is in advanced discussion with the bank to buy 5 percent equity stake. Bain Capital reportedly is in talks with Axis Bank to invest between Rs 4,800 to 6,400 crore.
Shares of ITC, Hero MotoCorp, Bharti Airtel and ONGC rose up to 2.5% and were the top gainers on Sensex whereas shares of Mahindra and Mahindra, Infosys Ltd, Tata Steel, SBI, Tata Motors, NTPC lost up to 2.5%. The stocks index heavyweight like Infosys, L&T, Tata Motors, SBI, M&M, HDFC Bank, and Tata Steel contributed the most to the Sensex decline.
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