Stock Market Highlights
: Indian equity benchmarks BSE Sensex and NSE Nifty50 snapped a three-day winning streak to end lower on Tuesday. Sensex closed 359 points lower at 55,566 while the broader Nifty shut shop at 16,585, 77 points lower. Financial and IT shares were the biggest drags on the headline indices, though gains in auto shares lent some support. Broader markets, however, managed to cross the flatline, with the Nifty Midcap 100 and Nifty Smallcap 100 indices edging up 0.2 percent each in early deals. Globally, investors however remained optimistic on bets of a possible slowdown in US monetary tightening and easing of the pandemic-related restrictions in China. All eyes are now on India’s official GDP data for the January-March period due later in the day.
First Published: IST