The benchmark equity indices resumed their decline on Tuesday, dragged by share prices of HDFC Bank Ltd. and Reliance Industries Ltd.
The NSE Nifty 50 ended 93.1 points or 0.37% lower at 24,853.4, while the BSE Sensex closed 212.85 points or 0.26% down at 81,583.3. During the day, the Nifty fell 0.53% to trade at 24,813.7 and the Sensex fell 0.45% to 81,427.01.
"The positive momentum seen previously fizzled out within just one trading session," Aditya Gaggar, director of Progressive Share Brokers, said. "Following a muted start, the market experienced a steep decline in the initial trade and remained rangebound for the rest of the day."
Shares of Tech Mahindra Ltd. and Infosys Ltd. were the top gainers.
Adani Enterprises Ltd. and Dr. Reddy's Laboratories Ltd. were among the biggest laggards.
In terms of points contribution, Infosys Ltd. and Tata Consultancy Services Ltd. were among stocks that led the gains in the index.
HDFC Bank Ltd. and Reliance Industries Ltd. dragged the index the most.
On the NSE, 13 out of the 15 sectors ended in the red, with Nifty Pharma, Metal and Oil & Gas declining the most.
The broader market indices ended lower as the BSE MidCap and SmallCap gained 0.56% and 0.67% respectively.
The market breadth was skewed in favour of the sellers as 2,480 stocks advanced, 1,501 declined and 135 remained unchanged on the BSE
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