Persistent foreign fund outflows and weak global markets led to Indian equity indices, Sensex and Nifty, declining on Tuesday by over 500 points and 165 points respectively.
The 30-share BSE Sensex dropped 519.34 points, or 0.62 per cent, to settle at 83,459.15. During the day, it tanked 565.72 points, or 0.67 per cent, to 83,412.77.
The 50-share NSE Nifty declined 165.70 points, or 0.64 per cent, to 25,597.65.
From the Sensex firms, Power Grid, Eternal, Tata Motors, Tata Steel, Maruti and Bharat Electronics, were among the major laggards.
However, Titan, Bharti Airtel, Bajaj Finance, Mahindra & Mahindra, and State Bank of India were the gainers.
Foreign Institutional Investors (FIIs) offloaded equities worth ₹1,883.78 crore on Monday, according to exchange data. Domestic Institutional Investors (DIIs), however, bought stocks worth ₹3,516.36 crore in the previous trade.
Also Read: Sensex declines by 466 points on 2nd day of fall in stock indices
In Asian markets, South Korea’s Kospi, Japan’s Nikkei 225 index, Shanghai’s SSE Composite index and Hong Kong’s Hang Seng index settled lower.
Markets in Europe were trading in negative territory on Monday, while US markets ended mostly higher.
Global oil benchmark Brent crude declined 1.34 per cent to USD 64.02 a barrel.
On Monday, the Sensex inched up 39.78 points, or 0.05 per cent, to settle at 83,978.49. The Nifty eked out a marginal gain of 41.25 points, or 0.16 per cent, to end at 25,763.35.
On Wednesday, the markets will remain closed on account of Gurpurab of Guru Nanak Dev ji.
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