Sensex, Nifty Open Lower On Profit Taking After Rally

From Nasdaq: 2025-05-13 00:11:00

Indian shares saw profit booking on Tuesday, with the BSE Sensex falling 647 points and the NSE Nifty dropping 150 points. Both indexes had surged around 4 percent in their biggest single-day rally in four years on Monday. ICICI Bank, TCS, HCL Technologies, and others fell 1-2 percent. Tata Steel reported a two-fold jump in quarterly net profit, but its stock edged down. Care Ratings rallied 3.5 percent, while One97 Communications fell 2.6 percent amid reports of a stake offload by Ant Group. Morepen Laboratories and Jyothy Labs also saw declines on disappointing earnings results.



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