Selling in the last hour of trade dampened market mood as benchmark indices BSE Sensex and NSE Nifty extended their losses for the third consecutive day on Tuesday.
Selling in the last hour of trade dampened market mood as benchmark indices BSE Sensex and NSE Nifty extended their losses for the third consecutive day on Tuesday. The 30-share index closed 70.58 points down at 28223.70, while Nifty 50 index settled 16.65 points down at 8706.40. Overall market breadth for the day remained negative and advances to declines ratio for Nifty stood at 20:31 for the day.
In the Nifty 50 index, Adani Ports slipped the most — 2.07 per cent, followed by Bharti Airtel (down 1.89 per cent), Hindalco (down 1.82 per cent), BPCL (down 1.56 per cent) and Larsen & Toubro (down 1.54 per cent). On the other hand, Aurobindo Pharma, TCS, Ambuja Cement, Wipro and Lupin jumped by 2.77 per cent, 1.70 per cent, 1.35 per cent, 1.11 per cent and 1.10 per cent.
Barring the BSE IT index (up 0.70 per cent), Healthcare index (up 0.59 per cent), TECk (up 0.36 per cent) and Realty index (down 0.22 per cent), rest all other sectoral indices on BSE ended the day in red. The BSE Telecom index, Capital Goods, Oil & Gas, Metal and Auto index slipped by 1.52 per cent, 1.12 per cent, 0.72 per cent, 0.68 per cent and 0.47 per cent, respectively.
Shreyash Devalkar, fund manager, equities, BNP Paribas Mutual Fund said, “Benchmark indices in India started the day on a positive note and traded in the green for most of the day, before succumbing to selling pressure in the last hour of trade.”
However, other Asian markets ended mostly in green on Tuesday as investors conclude that US Democratic candidate Hillary Clinton won the first presidential debate over Republican Donald Trump. Shanghai, Hang Seng and Nikkei settled higher by 0.60 per cent, 1.09 per cent and 0.84 per cent, respectively.