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Stock market indices snapped five-day rally today weighed down by the weakness IT, Telecom, Auto, Capital Goods and Banking sector stocks.
According to traders, investors turned cautious and preferred to book profits at higher levels following weakness in global equities amid rising number of Covid-19 cases.
Earlier, the BSE Sensex opened moderately higher and traded flat pruning early gains. Markets turned around after seeing fresh sell-off in the later part of the session, which dragged the equities lower.
The 30-share index declined 345.51 points, or 0.94 per cent, to settle at 36,329.01, and the NSE Nifty too fell 93.90 points, or 0.87 per cent, to 10,705.75.
The market breadth was clearly negative on the BSE. Out the 2,894 share traded today, the declining scrips were higher at 1,499, and the number of advancing shares was 1,243. However, scrips that remained unchanged were at 152.
On the Nifty 50 front, advancers were at 14 and the decliners were higher at 35.
Major losers that dragged the markets lower were Bajaj Finance, down by 4.75%, Asian Paint lost 3.40%, Bajaj Finserv was down 3%, Maruti, down 3% and HCL Tech declined 2.75%.
However, top gainers that bucked the weak trend were IndusInd Bank, which was up 4.30%, Hind UniLever was up 1.45%, SBI rose 1.40%, Tata Steel and ITC, both were up 1% each.
PTI adds:
Foreign institutional investors were net buyers in the capital market on Tuesday, purchasing equities worth Rs 829.90 crore, provisional exchange data showed.
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