The benchmark Bombay Stock Exchange (BSE) Sensex slipped for fifth session in a row by 210.17 points to 27,676.04 on Tuesday amid sustained foreign fund outflows and corporate earning concerns.
On similar lines, the broader National Stock Exchange (NSE) Nifty ended below 8,400-level on losses in pharma and FMCG stocks.
Here are the five key stocks to watch out for today:
Wipro, country's third-biggest software services exporter, reported a 2 per cent rise in quarterly profit on Tuesday, beating estimates thanks to a rise in its Western clients' technology spending. For its fourth quarter ended on March 31, Wipro's consolidated net profit rose to Rs 2,272 crore.
Shares of the company closed at Rs 578.80, up by 0.67 per cent or 3.85 points on BSE on Tuesday.
Oil companies' stocks
In a big boost to domestic oil and gas exploration, the government on Tuesday exempted state-owned ONGC and Oil India from paying for LPG subsidies in current fiscal. Shares of ONGC closed at Rs 320.45 apiece, down by 0.40 per cent on Tuesday.
Yesterday, Daiichi Sankyo completely exited Sun Pharma by selling its entire holding. As a result of this, shares of the Sun Pharma tanked over 11 per cent and closed at Rs 448.65 per share, down by 3.42 per cent.
The Bank is expected to see a robust rise in interest income for the fourth quarter. Shares of the company closed at Rs 790 apiece, down by 0.69 per cent on Tuesday.
Sugar prices are likely to go up as a meeting of a group of ministers headed by Union minister for food, consumer affairs and public distribution Ram Vilas Paswan on Tuesday decided to recommend a hike in the customs duty on sugar to 40 per cent. The move will surely impact stocks of sugar companies.