The BSE Sensex and Nifty were weak on Tuesday, tracking lower Asian markets. The Sensex fell over 150 points while Nifty was trading near 7850.
Strong selling pressure was seen in metal, oil & gas and IT stocks. ONGC fell 2.8 per cent to be the biggest Nifty loser while Hindalco declined 2.7 per cent and Vedanta 1 per cent. Among IT stocks, Infosys and HCL were down nearly 1 per cent.
Some buying was seen in auto and consumer durable stocks on hopes that the festive season will perk up sales. Hero MotoCorp, Maruti Suzuki and Tata Motors were among the gainers.
IndiGo shares will list today on the bourses today. The company raised Rs 3,008.5 crore at issue price of Rs 765 per share from its recently concluded, over-subscribed initial public offering (IPO).
Asian shares slipped to one-month lows on Tuesday as the spectre of higher borrowing costs in the United States and slower global economic growth prompted investors to trim their exposure to riskier assets.
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