Stock market highlights: Sensex and Nifty erased gains in the afternoon trade on Tuesday, due to a sell-off in bluechip financial stocks. The Sensex closed 80 points lower at 38,564.88, while Nifty ended the session below the 11,600-mark. Maruti Suzuki shares ended 3.3% lower at Rs 7,065, while Yes Bank shares closed 3.1% lower at Rs 231.10, to emerge among the biggest Sensex losers.
Asian shares were little changed on Tuesday, hovering not far from nine-month peaks hit last week, with concerns China may slow the pace of policy easing curbing the market’s enthusiasm. MSCI‘s broadest index of Asia-Pacific shares outside Japan was almost flat, while Japan’s Nikkei average eased 0.2 per cent. Many markets around the world remained shut on Monday after the long Easter weekend, Reuters reported. We bring to you live updates.