Sensex Declines More Than 1 Percent; Reliance Industries Drags

On Tuesday, benchmark equity indices fell, a day after posting significant gains, with the Sensex dropping more than 1 percent owing to selling in Reliance Industries, ITC, and Bajaj Finance.

The 30-share BSE Sensex plumpered by 801.67 points or 1.11 percent to 71,139.90. It sank 865.85 points or 1.20 percent, during the day, to 71,075.72.

The Nifty shrank 215.50 points or 0.99 percent to 21,522.10.

Among the laggards were Bajaj Finance, Titan, UltraTech Cement, Bajaj Finserv, Reliance Industries, ITC, and NTPC on Sensex.

The top Sensex gainers were Tata Motors, State Bank of India, Hindustan Unilever, Power Grid, Tech Mahindra, and Tata Consultancy Services.

In Asian markets, Tokyo finished higher, while Seoul, Shanghai, and Hong Kong finished lower.

Brent crude gained 0.21 percent to USD 82.57 per barrel.

On Tuesday, European stocks were trading in positive territory.

On Monday, the US stock markets ended in the green.

According to the exchange data, Foreign Institutional Investors (FIIs) bought securities worth Rs 110.01 crore on Monday.

On Monday, the Sensex soared 1,240.90 points or 1.76 percent to 71,941.57, while the Nifty moved 385 points or 1.80 percent to 21,737.60.

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