The benchmark Sensex Sensex fell by over 130 points in early trade on Tuesday due to weak global cues and softening of large stocks like Infosys, TCS and Reliance Industries. The 30-share BSE Sensex fell 135.05 points or 0.29 per cent to 46,118.41 on Tuesday. Was doing business. The NSE Nifty fell 48.55 points, or 0.36 per cent, to close at 13,509.60.
Axis Bank lost the most in the Sensex by almost two percent. Apart from this, ONGC, M&M, ICICI Bank, Asian Paints, SBI, HUL, L&T, Titan, Infosys and TCS were also in the red mark. Shares of Reliance Industries were down 0.38 percent in early deals.
On the other hand, NTPC, HDFC Bank, HCL Tech, UltraTech Cement, Maruti and Bajaj Auto saw gains. Traders said heavy selling pressure was seen on financial stocks and select banking stocks. He said weak sentiment in Asian and global markets also affected market sentiment.
Yesterday, the Sensex rose 154 points to a new high on Monday amid a surge in shares of ICICI Bank, L&T and Kotak Bank and a steady flow of foreign funds. The positive trend of global markets also strengthened the perception here. The 30-share BSE Sensex rose to an all-time high of 46,373.34 points on the day. Finally, it closed at 46,253.46, up 154.45 points, or 0.34 per cent, at the end of trading. This is its new record. Similarly, the National Stock Exchange’s Nifty closed at an all-time high of 13,558.15 points, gaining by 44.30 points or 0.33 percent.