CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Indian shares snap seven-session winning streak to finish flat

By Munikoti Rochan

12:02, 19 October 2021

The BSE in Mumbai, India
The BSE in Mumbai, India - Photo: Shutterstock

Indian stocks failed to extend seven sessions of gains, finishing flat Tuesday, in spite of the bullish sentiment prevailing across most markets in the region.

The National Stock Exchange’s Nifty50 index closed 0.32% lower at 18,418.75 points, while the S&P BSE Sensex ended 0.08% lower at 61,716.05 points.

The Nifty Realty index, a basket of 10 stocks including Indiabulls Real Estate, dropped 4.74%, and the Nifty PSU Bank index, a basket of 13 state-run lenders including Indian Bank, fell 3.73%.

However, technology firms, select automakers and financial services providers were among the counters that posted gains through the day.

Winners and losers

The Indian rupee was trading 0.23% higher to the US dollar, to INR75.06 at 17:54 hours Indian time (UTC+5:30).

On the Nifty, shares of IT major Tech Mahindra, engineering-to-software conglomerate Larsen & Toubro (L&T), and tech services giant Infosys were the top gainers, adding 4.26%, 3.33% and 1.75% respectively.

Cigarette maker ITC, JLR-parent Tata Motors, and smaller rival Eicher Motors were the top losers, shedding 6.27%, 4.88%, and 4.51% respectively.


139.99 Price
+0.820% 1D Chg, %
Long position overnight fee 0.0105%
Short position overnight fee -0.0188%
Overnight fee time 21:00 (UTC)
Spread 0.040


174.31 Price
+0.210% 1D Chg, %
Long position overnight fee 0.0085%
Short position overnight fee -0.0168%
Overnight fee time 21:00 (UTC)
Spread 0.090


1.07 Price
-0.510% 1D Chg, %
Long position overnight fee -0.0096%
Short position overnight fee 0.0014%
Overnight fee time 21:00 (UTC)
Spread 0.00018


1.25 Price
-0.650% 1D Chg, %
Long position overnight fee -0.0061%
Short position overnight fee -0.0021%
Overnight fee time 21:00 (UTC)
Spread 0.00110

Meanwhile, on the Sensex, shares in Tech Mahindra, L&T, and insurance provider Bajaj Finserv were the biggest gainers, adding 4.12%, 3.26% and 1.99% respectively.

ITC, consumer goods manufacturer Hindustan Unilever, and jewellery and watches retailer Titan Industries were the biggest losers, shedding 6.23%, 4.06% and 3.97% respectively.

L&T Infotech zooms

Larsen & Toubro Infotech (LTI) finished 16.83% higher at INR6,900 ($91.90), valuing the software exporter at around INR1.2trn.

Brokerage house ICICI Securities raised its price forecast for LTI's stock, a day after the global technology consulting and digital solutions firm reported stellar earnings for the quarter through September. ICICI analysts put down a revised price target of INR7,050 per share, attributing the upward revision to the software developer’s “consistently consistent” performance.

Read more: S&P Global arm: Indian steel firms have room to hike prices

Read more: Moody’s ups Indian banking outlook on improving environment


Related topics

Rate this article

Capital Com is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as an investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risk.

Still looking for a broker you can trust?

Join the 535.000+ traders worldwide that chose to trade with

1. Create & verify your account 2. Make your first deposit 3. You’re all set. Start trading