Share/Stock Highlights: The benchmark equity indices on BSE and National Stock Exchange (NSE) ended around 1 per cent lower on Tuesday led by a last-hour selloff in market heavyweights Reliance Industries (RIL), Housing Development Finance Corporation (HDFC) and Infosys.
The S&P BSE Sensex fell 554.05 points (0.90 per cent) to end at 60,754.86 while the broader Nifty 50 crashed 195.05 points (1.07 per cent) to settle at 18,113.05. Both the indices had opened marginally higher and swung back and forth through most part of the trade before dipping towards the last hour of trade.
On the BSE benchmark, Maruti Suzuki India was the top loser of the day crashing over 4 per cent. It was followed by UltraTech Cement, Tech Mahindra, HCL Technologies, Tata Steel and IndusInd Bank. On the other hand, Axis Bank, HDFC bank, ICICI Bank, Kotak Mahindra Bank and Dr. Reddy’s Laboratories managed to end on a higher note.
Market participants will now look forward to a press conference by Finance Minister Nirmala Sitharaman later in the day. The FM will address a press conference at 4:30 pm today on an “important economic issue”.
(with inputs from agencies)