Shares of InterGlobe Aviation, Eternal, Bharti Airtel, Infosys, Bajaj Finance and Trent were among the major laggards. InterGlobe Aviation slipped over 2 percent after IndiGo reported a Rs 238 crore net loss for the three months ended June. IT services company Infosys declined over 1 percent after it tempered the upper end of its full-year revenue forecast to between 1.5 percent and 3 percent amid continued macroeconomic uncertainty. HCL Tech, Tech Mahindra, Tata Consultancy Services and Sun Pharma gained in trade. “The total uncertainty and high volatility in markets continues without any signs of immediate respite. The attack on Saudi tankers by the Iran-backed Houthis in the Red Sea is the main reason for the recent sharp spike in Brent Crude. Such a high price is bound to revive India’s Balance of Payments concerns,” VK Vijayakumar, Chief Investment Strategist, Geojit Investments said.
