Mumbai, April 28: Stock market benchmark indices Sensex and Nifty buckled under selling pressure on Tuesday as a sharp rally in oil prices and foreign fund outflows amid persistent geopolitical uncertainties dented investors’ sentiment.
Deep losses in banking, financial and auto stocks also dragged the equity benchmarks lower, traders said.
The 30-share BSE Sensex declined 416.72 points, or 0.54 per cent, to settle at 76,886.91. During the day, it lost 562.57 points, or 0.72 per cent, to 76,741.06.
A total of 2,257 stocks declined, while 1,998 advanced and 172 remained unchanged on the BSE. The 50-share gauge NSE Nifty dropped 97 points, or 0.40 per cent, to end at 23,995.70. “The session was largely influenced by persistent geopolitical uncertainty, particularly around USâ?”Iran negotiations, which kept crude oil prices elevated and weighed on sentiment. “Additionally, pressure in banking stocks following regulatory developments related to provisioning norms further capped the upside. (PTI)
