Markets halt four-day rally amid weak global trends
The Hindu
The 30-share BSE benchmark declined 205.04 points to 57,910.46 in early trade on Tuesday
Equity benchmarks Sensex and Nifty fell in early trade on Tuesday, halting their four-day rally amid an overall weak trend in the global markets.
The 30-share BSE benchmark declined 205.04 points to 57,910.46 in early trade. The broader NSE Nifty dipped 71.85 points to 17,268.20.
Among the Sensex constituents, Tata Steel, UltraTech Cement, ICICI Bank, Tech Mahindra, HDFC and Axis Bank were the biggest laggards in early trade.
However, Asian Paints, ITC, Hindustan Unilever, Reliance Industries, IndusInd Bank and State Bank of India were among the gainers.
In Asia, markets in Seoul, Shanghai, Tokyo and Hong Kong were trading lower.
The U.S. markets had ended lower on Monday.
The BSE benchmark had climbed 545.25 points or 0.95% to settle at 58,115.50 on Monday. The Nifty advanced 181.80 points or 1.06% to 17,340.05.
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