On Tuesday, the benchmark Sensex fell 110 points after a three-day rally, owing to profit-taking in select private bank and auto companies on weak US market trends and foreign fund outflows.
The 30-share BSE Sensex dropped 110.64 points or 0.15 percent to 73,903.91. During the day, the index fell 270.78 points or 0.36 percent to 73,743.77.
The broader NSE Nifty sank 8.70 points or 0.04 percent to 22,453.30.
On Monday, both the Sensex and the Nifty reached lifetime highs in intraday trading before closing approximately 0.5 percent.
The top gainers were Mahindra & Mahindra, Nestle, Tata Motors, and IndusInd Bank.
Among the laggards were Kotak Mahindra Bank, HCL Technologies, ICICI Bank, Infosys, Tata Consultancy Services, Wipro, Tech Mahindra, and Larsen & Toubro.
In Asian markets, Shanghai fell, while Tokyo, Seoul, and Hong Kong closed higher.
European markets were generally up.
Wall Street closed largely down on Monday.
Brent crude gained 1.61 percent to USD 88.83 a barrel.
According to exchange data, Foreign Institutional Investors (FIIs) sold securities worth Rs 522.30 crore on Monday.
In its third straight day of advances, Sensex surged 363.20 points or 0.49 percent to 74,014.55, while Nifty advanced 135.10 points or 0.61 percent to 22,462.
India’s manufacturing sector growth accelerated to a 16-year high in March driven by the biggest gain in output and new orders since October 2020, amid indications of robust market conditions, as per a monthly survey released on Tuesday.
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