Markets Close Marginally Lower On Profit-Booking

The equity benchmark indexes Sensex and Nifty closed marginally lower on Tuesday, dragged down by selling in banking, IT, and auto stocks.

The 30-share BSE Sensex slipped 34.74 points, or 0.04 percent, to 79,441.45. The Nifty dropped 18.10 points, or 0.07 percent to 24,123.85.

Bank Nifty dipped 406.65 points, or 0.77 percent to 52,168.10, while Nifty Auto sank 193.00, or 0.76 percent to 25,130.85.

Shreeram Finance, Marico, Bank of Baroda, Info Edge (India), SRF, Cholamandalam Invest, Bharti Airtel, Shree Cement, Tata motors-DVR, Kotak Mahindra Bank, RECL, and Tata Motors were the top laggards.

Among the gainers were Samvardhana Motherson, L&T, Adani Energy Solut., Zomato, Wipro, Adani Total Gas, Bajaj Holdings, Infosys, Torrent Pharma, Tata Consumer, and HDFC Bank.

In Asian markets, Singapore, Tokyo, Hong Kong, and Shanghai closed in positive territory, while Thailand, Taiwan, Indonesia, Thailand, Malaysia, and South Korea ended in negative territory.

US markets closed higher on Monday.

European stocks were trading lower.

Brent crude gained 0.23 percent to USD 86.80 per barrel.

According to exchange data, Foreign Institutional Investors (FIIs) sold equities worth Rs 426.03 crore on Monday.

On Monday, the Sensex climbed 443.46 points, or 0.56 percent, to 79,195.63, while the Nifty jumped 112.75 points, or 0.46 percent, to 24,123.35.

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