The broader NSE Nifty ended 76.85 points or 0.46 per cent lower at 16,584.55.
Highlight
- After three days of gains, the Sensex fell by 359.33 points on Tuesday with a fall in the equity benchmark.
- The 30-share BSE Sensex closed at 55,566.41, down 359.33 points or 0.64 per cent
- The broader NSE Nifty closed 76.85 points or 0.46 per cent lower at 16,584.55
Equity benchmarks fell on Tuesday after a three-day rally with the Sensex falling 359.33 points amid selling in index majors HDFC, Reliance Industries and Infosys.
Traders said investors were cautious ahead of the release of the GDP data, while a jump in crude oil prices also weighed on the market sentiment.
The 30-share BSE Sensex ended 359.33 points or 0.64 per cent lower at 55,566.41. During the day, it closed 556.6 points or 0.99 per cent lower at 55,369.14.
The broader NSE Nifty ended 76.85 points or 0.46 per cent lower at 16,584.55.
From the Sensex pack, Kotak Mahindra Bank, Sun Pharma, HDFC, Infosys, State Bank of India, Axis Bank, Reliance Industries and HDFC Bank were among the laggards.
In contrast, M&M, NTPC, Power Grid, Tech Mahindra and Tata Steel were among the gainers.
Elsewhere in Asia, markets in Seoul, Shanghai and Hong Kong closed higher, while Tokyo declined marginally.
European markets were trading mostly lower during the afternoon trade.
The US stock markets remained closed on Monday due to the holiday. Meanwhile, international oil benchmark Brent crude jumped 1.64 per cent to $123.66 per barrel. Foreign institutional investors became net buyers on Monday by buying shares worth Rs 502.08 crore, according to stock exchange data.
“The domestic market failed to maintain recovery mode as it awaits the release of GDP data. Rising oil prices due to EU sanctions on Russian oil imports acted as a headwind in controlling global inflation. Policy changes by central banks will be a key factor to be monitored in the coming days, said Vinod Nair, head of research, Geojit Financial Services.
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