Sensex, Nifty finish with losses; markets stay under pressure

Sensex, Nifty finish with losses; markets stay under pressure

Sensex, Nifty finish with losses; markets stay under pressure

The markets on Tuesday traded cautious the entire day as has been the case for the last couple of sessions. At the close, the benchmark 30-share index, BSE Sensex lost 67.28 or 0.20% at 32,802.44 with 23 components posting drop. while the broad based NSE Nifty closed flat with a decline of 9.50 points or 0.09%, at 10,118.25 with 37 components registering drop.

The BSE market breadth was bearish - 1,549 declines and 1,105 advances.

The major losers that dragged down the key indices include Adani Ports, NTPC, Tata Steel, Power Grid, Bajaj Auto, Wipro, Coal India, Hero MotoCorp, HDFC Bank, ONGC, L&T, Dr Reddy's and SBI.

Russian Olympic Team Banned From 2018 Games
He previously has said it would be humiliating for Russian Federation to compete without its national symbols. They've taken away 11 of Russia's 33 medals.

After a two-day policy meeting, the RBI is widely expected to keep its policy rate on hold Wednesday, citing concerns about inflation.

Globally, Asian stocks closed broadly lower after oil prices fell over 1 percent overnight and Brexit talks did not yield a breakthrough on the withdrawal issues.

The NSE Nifty50 inched up 5.95 points or 0.06 per cent to 10,127.75 points, while the BSE Sensex closed at 32,869.72 points - up 36.78 points or 0.11 per cent. The Indian rupee gained in the early trade on Tuesday and has opened higher by 7 paise at 64.30 per dollar versus previous close 64.37. "The recent correction in PSU banks provides an opportunity for investors to accumulate as the long term prospects remains strong owing to healthy recapitalisation".

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