New Delhi: Major Indian equity benchmarks fell on Tuesday amid selling across the board led by automobile, metal and IT stocks.
The BSE Sensex tumbled 554.05 points on Tuesday, tracking heavy losses in realty, auto and metal stocks amid widespread selling pressure in global markets.
The 30-share index ended 554.05 points or 0.90 per cent lower at 60,754.86. The broader NSE Nifty fell 195.05 points or 1.07 per cent to 18,113.05.
Midcap and smallcap stocks ended on a weak note as Nifty Midcap 100 index slipped 2.06 per cent and Nifty Smallcap 100 index slipped 2.45 per cent.
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All the 15 sector gauges compiled by NSE closed in the red. Nifty Auto underperformed the index with a fall of 2.38 per cent. Sub-indices Nifty Metal and Nifty IT also witnessed major selling pressure.
Maruti was the top loser in the Sensex pack, falling over 4 per cent, followed by Tech Mahindra, HCL Tech, Tata Steel, IndusInd Bank and L&T.
Sector-wise, Basic Materials, Telecom, Auto, Realty and Metal indices fell up to 2.76 per cent.
On the other hand, Axis Bank, HDFC Bank, ICICI Bank, Kotak Bank Dr Reddy’s, Titan and Nestle India were among the gainers.
Overall, the market breadth remained weak in 1,157 stocks, while 2,273 shares declined on the BSE.
Elsewhere in Asia, shares in Hong Kong, Tokyo and Seoul ended with losses, while Shanghai was positive. Stock exchanges in Europe were witnessing heavy selling pressure in mid-session deals.
Meanwhile, international oil benchmark Brent crude rose 1.13 per cent to $87.46 per barrel.
Foreign institutional investors (FIIs) were net sellers in the capital market as they sold shares worth Rs 855.47 crore on Monday, according to stock exchange data.
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