Erasing all its morning gains, the domestic equity market ended in the negative territory on Tuesday amid selling in banks, metals and FMCG counters.
At the index level, the S&P BSE Sensex slipped 262 points or 0.83 per cent to end at 31,453.51, with SBI being the top loser and M&M (up over 3 per cent) the top gainer. NSE’s Nifty lost 88 points or 0.95 per cent to settle at 9,205.60 levels.
All the sectoral indices on the NSE ended in the red. Nifty Bank fell 472 points or 2.39 per cent to 19,272, while Nifty FMCG slipped 1.67 per cent to 27,138.60 levels. Nifty Pharma dropped nearly 2 per cent to 9,181.50 levels and Nifty Metal dived over 1 per cent to 1,693.65 levels.
In the broader market, both S&P BSE MidCap and S&P BSE SmallCap indices dropped nearly a per cent each to 11,391.21 and 10,649.61 levels, respectively.
MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.84 per cent. The gains were led by Australia’s ASX 200, which rose 1.42 per cent. Hong Kong’s Hang Seng climbed 0.84 per cent.
European stocks also gained as a jump in shares of French energy major Total and a slew of positive earnings reports added to optimism over the easing of lockdowns by major economies.
(With inputs from Reuters)