Sensex, Nifty finish with losses; markets stay under pressure

The 30-share Sensex opened on a negative note on across-the-board losses and touched a low of 32,682.52

The markets on Tuesday traded cautious the entire day as has been the case for the last couple of sessions.

The benchmark BSE Sensex was down 150 points or 0.46 percent at 32,718 while the broader Nifty index was down 37 points or 0.37 percent at 10,090.75.

Also, investors looked ahead to the RBI monetary policy review and the first phase of Gujarat elections due this week.

The NSE Nifty too was quoting 28.30 points, or 0.27 per cent, down at 10,099.45.

On the NSE, 682 shares advanced, 1,072 declined, while 67 remained unchanged. The broader market depicted a mixed trend, with the BSE mid-cap ending up 0.41%, while small-cap index finished 0.03% down.

Meanwhile, the Indian rupee opens higher at 64.30 per dollar against Monday's close of 64.37.

Sector-wise, the S&P BSE consumer durables index declined by 131 points, auto index by 130.49 points and metal index by 117.14 points.

Provisional data with the exchanges showed that foreign institutional investors sold scrips worth Rs 1,470.56 crore while domestic institutional investors bought stocks worth Rs 1,074.39 crore.

Vinod Nair, Head of Research, Geojit Financial Services, said: "After a subdued trade, the market reversed from day's low led by banking stocks".

Biggest gainers in the 30-share index were Infosys (2.80%), Hindustan Unilever (1.37%), Housing Development Finance Corporation (1.25%), Tata Motors (1.06%), Tata Steel (1.03%), and Bharti Airtel (0.94%).

On the other hand, Bajaj FinanceBSE 1.71 %, YES BankBSE 1.76 %, Reliance IndustriesBSE 1.11 %, BPCLBSE 0.78 % and IndusInd BankBSE 0.93 % climbed between 1.15 per cent and 2.30 per cent.

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