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Sensex, Nifty end lower amid profit booking

Indian stock markets ended lower on Tuesday as investors trimmed positions amid weak global cues, sustained foreign fund outflows, and pressure in mid- and small-cap stocks.

At the closing bell, the Sensex closed at 84,666.28, falling 436.41 points or 0.51 per cent.

The Nifty also slipped and settled at 25,839.65, down 120.90 points or 0.47 per cent.

Several heavyweight stocks dragged the market, with Asian Paints, Tech Mahindra, HCL Tech, Tata Steel, Maruti Suzuki, Sun Pharma, TCS, ICICI Bank and Bajaj Finance emerging as the biggest losers.

These counters declined up to 4.6 per cent during the session. However, a few stocks such as Eternal, Titan, Adani Ports, BEL and SBI managed to stay in the green and provided some support to the benchmarks.

The broader markets showed a stronger performance as the Nifty MidCap index gained 0.32 per cent and the Nifty SmallCap index rose 1.14 per cent indicating continued buying interest in mid- and small-cap stocks.

Most sectoral indices, including Nifty IT, Auto and Pharma, were under pressure and fell nearly 1 per cent.

Other pockets such as PSU Bank, FMCG, Media, Consumer Durables and Chemicals also traded in the red through the day.

-IANS

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