Key indices retreat on profit booking
Lackluster session in absence of any major trigger; Auto sector managed to remain buoyant despite weak auto sales; Maruti was top gainer and Tata Steel the top loser in Sensex pack; Global markets remain jittery ahead of the upcoming Bank of England and Fed meetings where the central banks could cease the pandemic-era stimulus
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Low Trading Volume
- BSE Sensex fell 109.40 pts to 60,029.06
- NSE Nifty declined by 40.70 pts to 17,888.95
- Profit booking in energy, IT, metal stocks
- Midcap, Smallcap indices rose over 1.11%
- Shanghai, Hong Kong and Tokyo in the red
- Seoul closed on positive note
Mumbai: Benchmark BSE Sensex declined by 109 points on Tuesday due to losses in index major Reliance Industries, Tata Steel and ICICI Bank amid a muted trend in global markets. The 30-share index ended 109.40 points or 0.18 per cent lower at 60,029.06 with 16 of its constituents closing in red. The broader NSE Nifty fell by 40.70 points or 0.23 per cent to 17,888.95 as metal, IT and energy stocks declined. Broader midcap and smallcap indices rose up to 1.11 per cent.
Metal, oil and commodity stocks dragged, fuelled by profit booking while realty, PSU bank and consumer durables made frail attempts at lifting the indices, analysts said. Vinod Nair, head (research) at Geojit Financial Services, said: "Succumbing to lacklustre global sentiments, domestic indices failed to gain ground oscillating between gains and losses in today's rough session. Global markets remain jittery ahead of the upcoming Bank of England and Fed meetings where the central banks could cease the pandemic-era stimulus."
