The BSE 30-share Sensex closed at 59,456.78, down 262.96 points or 0.44 per cent. During the day’s trading, it had slipped 444.34 points or 0.74 percent to 59,275.40.
Similarly, the Nifty of the National Stock Exchange also closed at 17,718.35, down 97.90 points, or 0.55 percent.
IndusInd Bank was the biggest loser among Sensex stocks, losing 3.19 per cent. Besides, PowerGrid, UltraTech Cement, NTPC, Larsen & Toubro, HCL Technologies, Dr Reddy’s, TCS and Bharti Airtel were the major losers.
On the other hand, Hindustan Unilever, ITC, Bajaj Finance, Tech Mahindra, Reliance Industries, Mahindra & Mahindra, Nestle India and HDFC Bank were among the gainers.
Vinod Nair, Head of Research, Geojit Financial Services, said, “Markets around the world remain volatile ahead of the Federal Reserve’s policy announcement. At the same time, the deployment of Russian forces in Ukraine has increased geopolitical tensions and increased fears of inflation.
In other Asian markets, South Korea’s Kospi, Japan’s Nikkei, China’s Shanghai Composite and Hong Kong’s Hang Seng declined.
Meanwhile, international benchmark Brent crude rose 2.38 per cent to $92.78 per barrel.
According to stock market data, foreign institutional investors bought shares worth Rs 1,196.19 crore on Tuesday.
Source: navbharattimes.indiatimes.com
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