Markets halt 3-day rally; Sensex falls 359 points
The Hindu
M&M, NTPC, Power Grid, Tech Mahindra and Tata Steel were among the gainers.
Equity benchmarks declined on Tuesday after a three-day rally, with the Sensex falling 359.33 points amid selling in index majors HDFC, Reliance Industries and Infosys.
Investors were cautious ahead of release of GDP data, while a jump in crude oil prices also weighed on market sentiment, traders said.
The 30-share BSE Sensex went lower by 359.33 points or 0.64 % to settle at 55,566.41. During the day, it tanked 556.6 points or 0.99 % to 55,369.14.
The broader NSE Nifty declined 76.85 points or 0.46 % to end at 16,584.55.
From the Sensex pack, Kotak Mahindra Bank, Sun Pharma, HDFC, Infosys, State Bank of India, Axis Bank, Reliance Industries and HDFC Bank were the major laggards.
In contrast, M&M, NTPC, Power Grid, Tech Mahindra and Tata Steel were among the gainers.
Elsewhere in Asia, markets in Seoul, Shanghai and Hong Kong settled with gains, while Tokyo ended marginally lower.
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