Sensex loses 112 points; Nifty 18,050. below from
Equity benchmark Sensex tumbled 112 points on Tuesday, tracking losses in index-heavyweights HDFC twins, Kotak Bank and Bajaj Finance, despite a positive trend in global markets. After a volatile trading session, the 30-share index ended 112.16 points or 0.19 per cent lower at 60,433.45. Similarly, the NSE Nifty fell 24.30 points or 0.13 per cent to end at 18,044.25.
HDFC Bank was the top laggard in the Sensex pack, falling nearly 2 per cent, followed by HDFC, Bajaj Finance, NTPC, Maruti, Kotak Bank and PowerGrid. On the other hand, M&M, SBI, Reliance Industries and ICICI Bank were among the gainers.
Vinod Nair, Head of Research, Geojit Financial Services, said, “After a positive opening, the domestic market declined as private banking stocks were under pressure from sluggish global markets.”
Despite the passage of the long-awaited infrastructure bill, gains in the US market were limited as investors cautiously waited for US inflation data, he said.
Elsewhere in Asia, shares in Shanghai, Hong Kong and Seoul ended on a positive note, while Tokyo was in the red. Europe’s major indices were also trading with gains in mid-session deals.
Meanwhile, international oil benchmark Brent crude rose 0.91 per cent to $84.19 per barrel.
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