Indian markets ended lower on Tuesday even as trading opening on a positive note after fresh buying by investors in blue-chip stocks and a strengthened US market. The Bombay Stock Exchange Sensex closed 67 points down at 26,307, while the National Stock Exchange Nifty ended at closed at 8,082, dropping by 22 points. In the broader markets, the BSE midcap slumped by 1.40% and the smallcap by 0.92%.
Stocks in the telecom, pharmaceutical and financial sectors led the bearish market trend, which was affected by other factors, as well, such as the attacks in Turkey and Germany, the Bank of Japan’s monetary policy meeting and the Federal Reserve Chairwoman Janet Yellen’s speech, Business Standard reported.
On the BSE index, 1,756 shares declined and 850 climbed, while 147 shares remained unchanged. Idea Cellular, Bharti Airtel, Reliance Communications, State Bank of India, Bank of Baroda, Punjab National Bank and Yes Bank were among the day’s biggest losers. Tata stocks, however, rose following Cyrus Mistry’s decision to resign from all Tata Group companies – Tata Consultancy Services was the top gainer on Sensex, and Tata Power also saw a 2.71% rise in its share prices.
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