Closing Bell: Sensex falls 568 points, Nifty closes at 16,416
- Sensex tumbled 567.98 points or 1.02% to settle at 55,107.34
- Nifty tanked 153.20 points or 0.92% to end at 16,416.35
- The rupee fell 7 paise to close at 77.73 against the US dollar
Indian equity benchmarks declined for the third consecutive day on Tuesday, with the Sensex plunging over 500 points amid a weak global market and continuous foreign fund outflow.
Investors were cautious ahead of the RBI’s policy decision on Wednesday, traders said.
The BSE Sensex tumbled 567.98 points or 1.02% to settle at 55,107.34. During the day, it dived 792.91 points or 1.42% to 54,882.41. The NSE Nifty 50 tanked 153.20 points or 0.92% to end at 16,416.35.
The broader indices ended in red with the BSE Mid cap index falling 0.77%, while the Small cap index was down by 0.67%. On the sectoral front, Oil & Gas up by 1.19%, Energy was up by 1.05%, Utilities up by 0.87%, Power up by 0.77% and PSU was up by 0.64%, while Consumer Durables down by 2.71%, Realty down by 1.57%, Capital Goods down by 1.53%, IT down by 1.42% and FMCG down by 1.42% were the top losing indices on BSE.
Major laggards from the Sensex pack were Titan Company was down by 4.48%, Dr Reddy’s Labs down by 3.87%, Larsen & Toubro down by 3.00%, Hindustan Unilever down by 2.98%, Asian Paints down by 2.61%, Bajaj Finance down by 2.35%, TCS down by 1.99%, Nestle down by 1.59% and ICICI Bank down by 1.56%.
Among the gainers were NTPC up by 1.35%, Maruti Suzuki up by 1.30%, M&M up by 0.50%, Bharti Airtel up by 0.37%, and Reliance up by 0.20%.
The rupee fell 7 paise to close at 77.73 against the US dollar.
European stock markets were trading lower during afternoon trade.
US stock markets ended with gains on Monday.
Brent crude, the international oil benchmark fell 0.26% to USD 119.2 per barrel.
According to stock exchange data, foreign institutional investors sold shares worth a net Rs 2,397.65 crore on Monday.