Markets ended lower on Wednesday, with Bajaj Finserv Ltd. as the top loser on the last day of the month's trading session. The NSE Nifty 50 closed 0.01% lower at 24,334.20, while the BSE Sensex ended 0.06% down at Rs 80,242.24.
Bajaj Finserv Ltd. and Bajaj Finance Ltd. shares fell the most, shedding up to 5.58% and 5.04% respectively on Wednesday, which saw market volatility. Trent Ltd., Tata Motors Ltd. and State Bank of India closely trailed behind the top losers.
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Bajaj Finance's stock may have reacted to a miss on net interest margins. Its stock was higher than expected and profitability was in line with expectations.
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Trent reported their earnings on Tuesday, with their profit down 47% to Rs 350 crore. However, it still surpassed analysts' consensus estimates tracked by Bloomberg.
The Nifty 50 declined 0.28% to reach an intraday low of 24,268.80. While the BSE Sensex went up by 0.30% intraday to Rs 80,525.61.
HDFC Life Insurance Co. was the top gainer, adding up to 4.01%, closely followed by Maruti Suzuki India Ltd. which was up 3.51%. Bharti Airtel Ltd., SBI Life Insurance Corp. and Power Grid Corp. were other gainers on Wednesday.
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