After a two-day rally, markets retreat

Stock markets indices ended a two-day of gains lower down on Tuesday as foreign investment outflows continued and tensions in the Middle East escalated.

Furthermore, investors were wary about the US Federal Reserve’s interest rate decision.

The 30-share BSE Sensex fell 237.72 points or 0.37 percent to 63,874.93. It decreased 300.12 points or 0.46 percent throughout the day to 63,812.53.

The Nifty slid 61.30 points or 0.32 percent to 19,079.60.

Mahindra & Mahindra, Bharti Airtel, ICICI Bank, IndusInd Bank, Reliance Industries, Axis Bank, and HDFC Bank were among the major laggards on the Sensex.

The top gainers were Titan, Kotak Mahindra Bank, Asian Paints, HCL Technologies, Tech Mahindra, NTPC, Nestle, and Power Grid.

In Asian markets, Seoul, Shanghai, and Hong Kong finished lower, while Tokyo concluded in the green.

European markets were trading in green.

On Monday, the US markets closed considerably higher.

Brent crude gained 0.93 percent to $88.31 per barrel.

According to exchange data, Foreign Institutional Investors (FIIs) sold securities worth Rs 1,761.86 crore on Monday.

On Monday, the Sensex soared 329.85 points or 0.52 percent to 64,112.65. The Nifty went up 93.65 points or 0.49 percent to 19,140.90.

Also read: 300 locals are ordered to flee after a gunman storms Japan post office