: The benchmark indices began weak on Monday, in-line with Asian friends, dragged by financials.

The headline S&P BSE Sensex tumbled 147 factors, or 0.28 per cent, to cite at 52,828 ranges in early offers whereas the broader Nifty50 held above the 15,800-mark at 15,807 ranges, down 47 factors.
Shares of RIL dipped 0.35 per cent after the Mukesh Ambani-led Reliance Industries (RIL) reported a consolidated internet revenue of Rs 12,273 crore for the three months ended June 30, 2021 (Q1FY22), down 7.2 per cent from Rs 13,233 crore posted in the identical interval final 12 months (Q1FY21). However, final 12 months’s June quarter revenue included an distinctive achieve of Rs 4,966 crore. This will imply a 48.4 per cent development in adjusted revenue after tax over final 12 months’s Rs 8,267 crore.


ICICI Bank, in the meantime, was the highest laggard, down 1.3 per cent on the BSE, because the personal sector lender reported a 78 per cent YoY rise in standalone internet revenue at Rs 4,616 crore for June quarter in contrast with Rs 2,599 crore in the identical quarter final 12 months.


ITC, quite the opposite, was up 0.4 per cent after the corporate reported a 28.6 per cent YoY development in standalone revenue at Rs 3,013.5 crore for Q1FY22, partly pushed by low base within the year-ago quarter.



Source link