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Indian shares end choppy session lower

September 07, 2022 12:00:00

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 ended down 0.06 per cent at 17,655.6, while the S&P BSE Sensex slipped 0.08 per cent 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 finishing 0.02 per cent in the red. Meanwhile, oil fell as concerns returned about weaker demand and the prospect of more interest rate hikes.

In Mumbai, heavweights Bajaj Finserv and Bajaj Finance fell 2.3 per cent and 1.1 per cent, respectively.

Consumer goods companies Hindustan Unilever, Britannia Industries and Tata Consumer Products fell 1.1 per cent-2.3 per cent.

Index heavyweight Reliance Industries gained 1.1 per cent after the company said it would acquire a 79.4 per cent stake in California-based solar energy software developer SenseHawk for $32 million as part of efforts to boost renewable energy output.

Apollo Hospitals Enterprise advanced 3.1 per cent and was the top percentage gainer on the Nifty 50, while Bharti Airtel was a close second with a 2.8 per cent rise.

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