Indian equity benchmarks on Tuesday extended their fall for the third straight session in a volatile trade. Throughout the day, the domestic indices fluctuated between gains and losses before settling in the red. Investors remained on edge across markets amid aggressive interest rate hikes from central banks and economic slowdown worries.
The 30-share BSE Sensex fell 106 points, or 0.19 percent, to 54,365, while the wider NSE Nifty dropped 62 points, or 0.38 percent, to 16,240. Mid- and small-cap stocks finished down, with the Nifty Midcap 100 falling 1.87 percent and the small-cap index falling 2.24 percent.
10 out of the 15 sector gauges of the NSE settled in the red. The Nifty Metal, Nifty Consumer Durables, and Nifty Oil & Gas sub-indices all underperformed the index, sliding 5.20 percent, 2.24 percent, and 2.29 percent, respectively.
Tata Steel, Sun Pharma, NTPC, Titan, Bajaj Finance, Reliance Industries, Tech Mahindra, ITC, Wipro, and Infosys were among the top laggards on the 30-share BSE index.
Hindustan Unilever, Asian Paints, IndusInd Bank, UltraTech Cement, Maruti, HDFC twins (HDFC Bank and HDFC), Kotak Mahindra Bank, Bharti Airtel, Nestle India, ICICI Bank, and Dr Reddy's, on the other hand, all ended in the green.
Cryptocurrency quandary: GST Council considers imposing heavy tax
Today's cryptocurrency prices: Bitcoin drops even more, while Polkadot rises.
Rupee falls 60 paise to an all-time low of 77.50 per dollar