Indian Markets settled sharply lower on Tuesday - Microsec

Indian markets settled sharply lower on Tuesday amid further weakness in rupee ahead of US Fed policy meeting later today. Banks, consumer durables, PSU and capital goods led the fall in the market.

Nifty closed at 5813.60 down by 36.45points or 0.62% over the previous day closing of 5850.05 after witnessing a low of 5804.30 and a high of 5863.40. Sensex closed at 19223.28 down by 102.59 points or 0.53% over the previous day closing of 19325.87.It touched an intraday low of 19191.37 and high of 19383.61.

The markets' breadth was negative. Out of 2466 stocks traded 1159 stocks advanced, 1161 stocks declined and 146 stocks remained unchanged. In Sensex, Out of 30 stocks 10 stocks advanced and 20 stocks declined.

Among the sectors, BSE Bankex, BSE Consumer Durables and BSE PSU were the main losers of the day which decreased by 1.20%, 1.09% and 0.91% respectively. In BSE Bankex, BoB, PNB and Axis Bank decreased by 2.90%, 2.26% and 2.20% respectively. In BSE Consumer Durables sector Titan Inds, VIP Inds and Blue Star declined by 2.59%,1.66% and 1.23% respectively. In BSE PSU sector MMTC, MOIL and IDBI Bank decreased by 4.98% 2.00% and 1.93% respectively.

Source : Equity Bulls

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