Mumbai: Equity benchmark Sensex tumbled 355 factors on Tuesday, weighed by losses in HDFC twins, ICICI Bank and Bharti Airtel amid a weak development in world markets.
The 30-share BSE index ended 354.89 factors or 0.68 per cent decrease at 52,198.51, whereas the broader NSE Nifty fell 120.30 factors or 0.76 per cent to fifteen,632.10.
IndusInd Bank was the highest loser within the Sensex pack, shedding over 3 per cent, adopted by Tata Steel, NTPC, Bharti Airtel, HCL Tech, ICICI Bank, M&M and HDFC Bank.
On the opposite hand, Asian Paints rallied over 6 per cent, adopted by ExtremelyTech Cement, Bajaj Auto, HUL and Nestle India.
Domestic equities prolonged losses as weak world cues and continued promoting stress in financials dragged benchmark indices, stated Binod Modi, Head – Strategy at Reliance Securities.
He famous that barring FMCG and IT, most key sectoral indices contracted, with financials, metals and realty witnessing steep correction.
“Strong earnings from Asian Paints throughout buying and selling hours aided inventory to sharp upmove,? he stated, including that midcap and smallcap shares additionally witnessed heavy promoting stress as weak world development led buyers to ebook income.
On the worldwide entrance, bourses in Shanghai, Hong (*355*), Seoul and Tokyo ended with losses, whereas equities in Europe have been largely buying and selling with beneficial properties in mid-session offers.
Meanwhile, worldwide oil benchmark Brent crude superior 0.35 per cent to USD 68.86 per barrel.
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