Mumbai: Snapping its four-session rising streak, fairness benchmark Sensex tumbled 341 points on Tuesday, led by losses in index-heavyweights HDFC twins, Kotak Bank and TCS amid unfavourable cues from global markets.
The 30-share BSE index ended 340.60 points or 0.69 per cent decrease at 49,161.81.
Similarly, the broader NSE Nifty slumped 91.60 points or 0.61 per cent to 14,850.75.
Kotak Bank was the highest loser within the Sensex pack, shedding 3 per cent, adopted by HDFC, Bajaj Finance, Bajaj Finserv, Tech Mahindra, HUL and Titan.
On the opposite hand, NTPC, ONGC, PowerGrid, Sun Pharma, ExtremelyTech Cement and SBI had been among the many gainers.
According to Binod Modi, Head Strategy at Reliance Securities, weak cues from global markets and promoting strain throughout the counters dragged benchmark indices.
“Rising concerns over inflation globally due to sharp rise in commodity prices dragged Asian markets. Further, China inflation data also weighed on sentiments. However, domestic benchmark indices outperformed its Asian peers,” he stated.
Elsewhere in Asia, bourses in Hong Kong, Tokyo and Seoul ended on a unfavourable notice, whereas Shanghai completed with beneficial properties.
Stock exchanges in Europe had been buying and selling with vital losses in mid-session offers.
Meanwhile, worldwide oil benchmark Brent crude was buying and selling 0.66 per cent decrease at USD 67.87 per barrel.Â
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