Sensex tumbles for 2nd day as Asian sell-off deepens on China crackdown; Dr Reddy's tanks 10% post earnings

The 30-share BSE Sensex skidded 273.51 points or 0.52 per cent to finish at 52,578.76, while the broader NSE Nifty fell 78 points or 0.49 per cent to 15,746.45.

Mumbai: Domestic markets surrendered early gains to close in the red for the second straight session on Tuesday as sentiment remained risk-averse amid lacklustre corporate earnings and a deepening sell-off in Asian markets post China's regulatory crackdown on tech companies. The 30-share BSE Sensex skidded 273.51 points or 0.52 per cent to finish at 52,578.76, while the broader NSE Nifty fell 78 points or 0.49 per cent to 15,746.45. Dr Reddy's was the top loser among the Sensex constituents, plunging 10.44 per cent, after the company reported a 36 per cent decline in consolidated net profit at Rs 380.4 crore for the quarter ended June 30, 2021, on account of higher expenses.