Sensex drops 273 pts; Nifty slips below 15,750

July 27, 2021 16:14

Axis Bank was one of the losers today

Equity benchmark Sensex tumbled over 273 points on Tuesday, tracking losses in index majors Reliance Industries, Dr Reddy's and Axis Bank amid a massive selloff in Chinese markets.

Despite opening on a positive note, the 30-share BSE index turned red to end 273.51 points or 0.52 per cent lower at 52,578.76, while the broader NSE Nifty fell 78 points or 0.49 per cent to 15,746.45.

Dr Reddy's was the top loser in the Sensex pack, plunging over 10 per cent, after the company reported s 36 per cent decline in consolidated net profit at Rs 380.4 crore for the quarter ended June 30, 2021, on account of higher expenses.

Axis Bank, Sun Pharma, Kotak Bank, HDFC and ITC fell up to 3.19 per cent. On the other hand, Tata Steel, Bajaj Finserv, SBI, Bajaj Finance and Tech Mahindra were among the gainers. -- PTI

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