Mumbai: India’s equity benchmark indices ended weak on Tuesday in choppy trades as the market failed to find momentum with overseas investors turning net sellers. Analysts do not expect a fall unless the Nifty closes below a technical support of 19500.
Investors and traders remained cautious ahead of the Reserve Bank of India’s monetary policy announcement on August 10 and the US inflation data expected later this week. NSE’s Nifty fell 26.45 points, or 0.13%, to close at 19,570. BSE’s Sensex declined 106.98 points, or 0.16%, to end at 65,846 on Tuesday.
The broader market, however, ended positive. The Nifty Midcap 150 index gained 0.26% and Nifty Small-cap 250 index rose 0.16%. Foreign portfolio investors sold shares worth ₹711.34 crore on Tuesday. Domestic institutions were buyers to the tune of ₹537.31 crore.
Wall Street indices Drop with markets worldwide
US stocks tumbled Tuesday as worries about the banking system and the global economy force more caution into financial markets worldwide. The S&P 500 was 0.9% lower in afternoon trading and on track for its fifth loss in the last six days. The Dow Jones Industrial Average was down 272 points, or 0.8%, at 35,201, and the Nasdaq composite was 1.3% lower.
