Indian benchmark equity indices erased their intra-day gains and closed lower on Tuesday, as weakness in banking, financial and metal stocks weighed on investor sentiment amid elevated crude oil prices, ongoing geopolitical tensions in West Asia, and continued uncertainty over global capital flows.
The Sensex declined 114.19 points, or 0.15 per cent, to close at 75,200.85. The Nifty settled 31.95 points, or 0.14 per cent, lower at 23,618.
Among the major laggards in the Nifty index were Titan Company, UltraTech Cement and Tata Consumer Products.
Kotak Mahindra Bank were the top loser on Sensex. Other top laggards were Titan Bharti Airtel, Sun Pharma and IndiGo.
On the other hand, Infosys led the gainers pack. HCL Tech, Tech Mahindra, Eternal and TCS were among top gainers on the same index.
Sectorally, banking and financial shares remained under pressure throughout the session.
The Nifty Private Bank index emerged as the worst-performing sectoral index, while the Nifty Bank and Nifty Financial Services indices also underperformed the broader market.
However, some sectors managed to buck the weak trend. The Nifty IT, Nifty Realty and Nifty Chemical indices ended higher and outperformed the benchmark indices.
Broader markets showed resilience despite weakness in frontline indices. The Nifty MidCap index rose 0.91 per cent, while the Nifty SmallCap index gained 1.17 per cent during the session.
(IANS)
