Share Market Closing Bell! Sensex cracks 400 pts, Nifty below 17750 – Tech Mahindra, Airtel top laggards

The Indian markets ended Tuesday’s session on a negative note, as Sensex cracked over 400 points to lose 60,000 shine and Nifty ended below 17750-mark. The decline was mainly led by information and technology stocks along with Bharti Airtel.  

The BSE Sensex cracked 410 points or 0.68 per cent to end at 59,667, while Nifty50 slipped over 100 points or 0.6 per cent to 17,730. On the contrary, the mid-cap index too declined by 210 points or 0.7 per cent to 29,942 at the market close today.   

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Private lenders such as ICIC Bank and IndusInd Bank (each down by 2 per cent) led to the decline in Nifty Bank, eventually dragging the benchmark index. The banking index fell around 120 points hovering around 38000-mark at the market close on Tuesday.

Out of 50 scrips on Nifty50, 18 advanced, 32 declined at the market close today. Public sector unit stock such as Power Grid gained most by over 4.5 per cent in the otherwise negative market, followed by Coal India and NTPC up around 4 per cent and IOC surged over 3.5 per cent at the close today.

On the contrary, IT, financial stocks dragged the market most at the close, as Tech Mahindra and Bharti Airtel were the top laggards, down over 3.5 per cent, followed by Bajaj Twins and Divis Lab. While Wipro, Infosys and ICICI Bank each slumped by around 2 per cent at the close on Tuesday.

Almost all sectors ended negative, except for metal, pharma, and PSU. Nifty declined by over 2 per cent, followed by banking and financial stocks. Similarly, the decline in mid and small-cap stocks was led by media and realty indices, down 1.6 and 3 per cent respectively at the market close.