Share/Stock Highlights: The benchmark equity indices on the BSE and National Stock Exchange (NSE) recovered from their intraday lows and ended around 0.6 per cent lower on Tuesday dragged by the information technology (IT), financial stocks amid weak global cues.
The S&P BSE Sensex fell 410.28 points (0.68 per cent) to slip below the 60,000 mark and settle at 59,667.60 while the Nifty 50 slipped 106.50 points (0.60 per cent) to end a tad below the 17,750 level mark at 17,748.60. Earlier in the day, the BSE benchmark had crashed 1,032.35 points (1.72 per cent) to hit an intraday low of 59,045.53, while the broader Nifty had touched a low of 17,576.10, down 279.00 points (1.56 per cent).
Bharti Airtel was the biggest laggard of the day on the Sensex pack. It was followed by Tech Mahindra, Bajaj twins comprising of Bajaj Finance and Bajaj Finserv, HCL Technologies and Infosys. On the other hand, Power Grid Corporation of India, NTPC, Sun Pharmaceutical Industries, Titan Company, Kotak Mahindra Bank and Dr. Reddy’s Laboratories were the top gainers of the day.
Among the sectoral indices on NSE, the Nifty Realty fell 3.02 per cent weighed by Oberoi Realty, Indiabulls Real Estate and Prestige Estates Projects. Apart from real estate stocks, the Nifty IT index declined 2.20 per cent dragged by Coforge, Tech Mahindra and Larsen & Toubro Infotech. The Nifty Financial Services index too slipped 0.92 per cent on Tuesday due to a fall in shares of HDFC Asset Management Company, Bajaj Finance and Cholamandalam Investment and Finance Company.
In the broader market, S&P BSE MidCap index fell 180.10 points (0.71 per cent) to end at 25,015.73 weighed by Oberoi Realty and Gland Pharma. The S&P BSE SmallCap settled at 27,814.98, down 173.21 points (0.62 per cent) dragged by EIH and Metropolis Healthcare.
(with inputs from agencies)