The benchmark indices Sensex and Nifty erased their early gains and traded lower on Tuesday, weighed down by sharp selling in IT stocks amid concerns over potential interest rate hikes in the US.
Market sentiment was further impacted by fresh foreign fund outflows, adding to the weakness in domestic equities.
The 30-share benchmark index ended at 76478.67 down by -249.7 points or by -0.33 % and then NSE Nifty was at 23865.75 down by -80.5 points or by -0.34 %.
Sensex touched intraday high of 77037.36 and intraday low of 76329.39 The NSE Nifty touched intraday high of 24035.55 and intraday low of 23829.2
The top gainers of the BSE Sensex pack were Maruti Suzuki India Ltd. (Rs. 14119.75,+5.14%), Titan Company Ltd. (Rs. 4405.30,+2.93%), Bajaj Finance Ltd. (Rs. 1004.75,+2.22%), Eternal Ltd. (Rs. 264.65,+2.06%), Adani Ports & Special Economic Zone Ltd. (Rs. 1810.20,+1.89%), among others.
The top losers of the BSE Sensex pack were Infosys Ltd. (Rs. 1000.60,-3.49%), Tata Consultancy Services Ltd. (Rs. 2034.05,-3.00%), HCL Technologies Ltd. (Rs. 1072.00,-2.82%), Mahindra & Mahindra Ltd. (Rs. 1405.20,-2.08%), ITC Ltd. (Rs. 287.00,-1.31%), among others.
Realty index was at 6473.78 up by 78.59 points or by 1.23%. Godrej Industries Ltd. (Rs. 1868.00,+2.05%), Phoenix Mills Ltd. (Rs. 1953.60,+1.90%), Lodha Developers Ltd. (Rs. 954.85,+1.58%), Anant Raj Ltd. (Rs. 521.55,+1.41%), Prestige Estates Projects Ltd. (Rs. 1559.50,+1.33%),.
IT index was at 25718.08 down by -654.83 points or by -2.48%. KPIT Technologies Ltd. (Rs. 671.45,-5.76%), Tata Motors Passenger Vehicles Ltd. (Rs. 684.55,-4.32%), Birlasoft Ltd. (Rs. 286.45,-4.29%), LTM Ltd. (Rs. 3542.00,-3.88%), Tata Elxsi Ltd. (Rs. 3830.10,-3.84%),.
The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 4714 , shares advanced were 2456 while 2021 shares declined and 237 were unchanged.