India's key equity benchmarks closed lower, dragged by index heavyweight Reliance Industries and banking stocks, as earnings for June quarter continued to disappoint. At close, The BSE Sensex ended 124 points lower at 52,852 and the NSE Nifty 50 index slipped 32 points to close at 15,824. Seven of 11 sector gauges compiled by the NSE ended lower led by the Nifty Realty index's 1 percent fall. Nifty Bank, Auto, Financial Services, FMCG and PSU Bank indices also closed with a negative bias. On the higher side, metal, pharm and information technology shares witnessed buying interest.

ICICI Bank shares gained over 1 percent on the BSE in a subdued market after the bank reported a jump in net profit in the first quarter ended June 2021.JSW Steel was top Nifty loser, the stock declined 2 percent to close at Rs.704.60. Wipro, State Bank of India, Bharat Petroleum, Indian Oil, Tech Mahindra, Mahindra & Mahindra, Bharti Airtel and Tata Motors were also among the losers. ON the other hand, SBI Life, Bajaj Finserv, Hindalco, Divi's Labs, UltraTech Cement, Tata Steel, Titan, Britannia and Sun Pharma were among the gainers.

Reliance is expected to produce natural gas from MJ field starting Q3FY23

NRI’s Expression of interest: Over 50 pc NRI’ send investment proposals to UP govt

The increasing the prices of essential commodities is creating economic depression in the State.