The Indian equity market indices ended Tuesday’s session lower, pulled by financials and metal stocks. At close, the BSE Sensex ended lower by 340.60 points at 49161.81, and the Nifty fell to 91.60 points at 14850.80.
All of the Nifty sectoral indices, except for Nifty Pharma, were in the red, with the Nifty Metal index bleeding the most, down 2.2 percent.
Kotak Mahindra Bank, HDFC, Tech Mahindra, HUL, Bajaj Finser, Titan Business, and Bajaj Finance were among the biggest index losers today, followed by other losers such as JSW Steel, Hindalco, Wipro, and Divis Labs on the Nifty pack of stocks.
On the other hand, NTPC, ONGC, PowerGrid, Sun Pharma, UltraTech Cement, and SBI, were the top gainers. Coal India, Indian Oil Corporation, BPCL, and UPL are also additional gainers.
The Nifty PSE index, which gauges stocks of state-owned companies, gained most since February 25, rising for 15 successive days to post the longest daily winning streak in history.
The rising COVID cases in Asian countries are causing a bit of a negative concern for the markets. The European markets are trading on a weak note, taking cues from the US tech stocks as well as the Asian markets.
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