Key Benchmark indices ended lower on Tuesday, May 16, after two days of rally, dragged down by index majors HDFC Bank, HDFC Housing Finance and Reliance Industries.
The BSE Sensex fell 413.24 points or 0.66% to close at 61,932.47 while the NSE Nifty declined by 112.35 points or 0.61% to settle at 18,286.50.
Among the Sensex stocks, HDFC Bank, HDFC Housing Finance, Mahindra & Mahindra, Bharti Airtel, Tata Motors, Kotak Mahindra Bank, Reliance Industries and Maruti Suzuki were the biggest losers. On the other hand, major gainers were Bajaj Finance, NTPC, SBI, Hindustan Unilever, Titan company, Infosys, Wipro, Asian Paints, and Tata Consultancy Services
International Markets: In Asia, Seoul, Tokyo and Hong Kong markets settled in the green, while Shanghai settled lower. European markets were trading mostly in positive territory. The US market had ended with gains on May 16. Crude Oil: Meanwhile, global oil benchmark Brent crude declined 0.65% to USD 74.82 per barrel.
FPIs: Foreign Institutional Investors were buyers yesterday as they bought equities worth rS,.1,685.29 crore, as per stock exchange data.
On Monday, the BSE benchmark went up 317.81 points or 0.51% to settle at 62,345.71. The NSE Nifty gained 84.05 points or 0.46% to end at 18,398.85.
Commodity Gold: Gold prices fell by Rs 160 to Rs 61,120 per 10 grams in New Delhi on Tuesday amid a fall in international prices, Silver prices also eased by Rs 175 to Rs 74,075 per kg. ''Spot gold prices in the national capital traded at Rs 61,120 per 10 grams, down Rs 160 per 10 grams.
In the overseas market, gold and silver were trading lower at USD 2,014 per ounce and USD 24.04 per ounce, respectively.
Rupee Vs Dollar: The Indian rupee appreciated by 10 paise to 82.21 against the U.S. dollar on Tuesday as the American currency retreated from its elevated levels. The rupee settled at 82.21 registering a gain of 10 paise over its previous close.
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