: The benchmark indices started weak on Monday, in-line with Asian peers, dragged by financials.
The headline S&P BSE Sensex tumbled 63 points to quote at 52,913 levels in early deals while the broader Nifty50 held above the 15,800-mark at 15,840 levels, down 17 points.
Shares of RIL dipped 0.35 per cent after the Mukesh Ambani-led Reliance Industries (RIL) reported a consolidated net profit 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 same period last year (Q1FY21). However, last year's June quarter profit included an exceptional gain of Rs 4,966 crore. This will mean a 48.4 per cent growth in adjusted profit after tax over last year's Rs 8,267 crore.
ICICI Bank, meanwhile, was the top laggard, down 1.3 per cent on the BSE, as the private sector lender reported a 78 per cent YoY rise in standalone net profit at Rs 4,616 crore for June quarter compared with Rs 2,599 crore in the same quarter last year.
ITC, on the contrary, was up 0.4 per cent after the company reported a 28.6 per cent YoY growth in standalone profit at Rs 3,013.5 crore for Q1FY22, partly driven by low base in the year-ago quarter.
MARKET LIVE: Sensex, Nifty in the red; Nifty FMCG index hits record high - Business Standard
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