Domestic indices continued to fall for the third straight session on Tuesday due to heavy selling at the end of the session mainly by the Foreign Institutional Investors even as the weak global markets influenced investors.
Investors at the BSE became poorer by Rs 4.3 lakh crore as the market capitalization of all BSE-listed companies decreased to Rs 270 lakh crore.
The BSE’s Sensex fell 844 points to end at 57,147 while its broader peer Nifty50 closed at 16,983, down 257 points.
At the BSE, the topmost losers were IndusInd Bank, Nestle, Tata Steel, Tech Mahindra and Infosys as they fell in the range of 2 to 3.5 per cent. Also among the losers were Titan, Reliance, Maruti, HUL and Wipro. Among the gainers were Axis Bank and Asian Paints.
Among the sectors, Nifty Realty index fell the most to the tune of 3.07 per cent. Nifty Metal, Media IT, Consumer Durables and Auto Indexes ended with cuts. Nifty Midcap50 and Smallcap50 fell 1.68 per cent and 1.57 per cent respectively.
FIIs have been net sellers to the tune of Rs 1500 crore so far this month. Global markets were reportedly weak. Japan’s Nikkei225 closed 2.64 lower while South Korea’s Kospi fell 1.83 per cent and Hong Kong’s Hang Send fell 2.2 per cent.
