Markets settle lower; Sensex falls for third day

Mumbai: Benchmark indices ended the day in the negative territory on Tuesday amid weak global market trends and rising crude prices.

Falling for the third day running, the 30-share BSE benchmark ended 208.24 points or 0.33 percent lower at 62,626.36. During the day, it tumbled 444.53 points or 0.70 percent to 62,390.07.

The broader NSE Nifty declined 58.30 points or 0.31 percent to end at 18,642.75.

Among the Sensex pack, Tata Steel, Dr. Reddy’s, Infosys, State Bank of India, Bharti Airtel, ICICI Bank, IndusInd Bank, Tata Consultancy Services, Tech Mahindra, HCL Technologies, and Maruti were the major laggards.

Hindustan Unilever, UltraTech Cement, Power Grid, and Nestle were among the winners.

Elsewhere in Asia, markets in Seoul and Hong Kong ended lower, while Tokyo and Shanghai settled in the green.

Equity exchanges in Europe were trading lower in the afternoon trade. Wall Street had ended in negative territory on Monday.

International oil benchmark Brent crude was trading 0.68 percent higher at USD 83.24 per barrel.

Foreign Institutional Investors (FIIs) offloaded shares worth Rs 1,139.07 crore on Monday, as per exchange data.