The market remained weak due to consistent selling pressure in FMCG, banking & financials and capital goods stocks. The Sensex went down 85.98 points to 28377.33 and the Nifty slipped 22.85 points to 8587.00. About 1448 shares have advanced, 1226 shares declined, and 163 shares are unchanged on the Bombay Stock Exchange.
Infosys gained 0.5 percent ahead of Q1 earnings on Tuesday. Earnings are expected to be steady after reporting lower than expected numbers in March quarter. profit after tax is expected to fall 2.5 percent sequentially to Rs 3,017 crore while dollar revenue may grow 3 percent to USD 2,224 million during April-June quarter compared to USD 2,159 million in March quarter. UltraTech Cement rebounded with marginal gains after June quarter earnings.
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