Sensex: 73,709.69, down 143.21 points (0.19%).
Nifty 50: 22,811.35, down 77.60 points (0.34%).
Top sector gain: Nifty IT, up 2.52%.
Brent crude: 110.15 dollars a barrel, up 1.31%.
Gold: Rs 1,45,803 per 10 grams, down 0.49%.
The Nifty IT index rose 2.52% and was the only major sectoral gainer, according to Free Press Journal.
The Nifty Auto index fell 1.99%, Nifty Metal fell 1.97%, Nifty Realty fell 1.57%, Nifty Media fell 1.24% and Nifty Private Bank fell 1.16%, according to the same report.
Liquide reported that the Bank Nifty fell 0.92% to 54,976.90.
Brent crude rose 1.31% to 110.15 dollars a barrel, according to Free Press Journal.
Higher crude prices raised concerns about India’s import costs, inflation, corporate profit margins and rupee volatility, according to the same report.
Continued selling by foreign institutional investors weighed on sentiment, according to Free Press Journal.
Vinod Nair of Geojit Investments said high crude and foreign investor selling outweighed the trade news, while improving second-quarter earnings and buying by domestic institutions provided support.
Vikram Kasat of PL Capital said elevated crude prices could keep markets volatile.
These are the views of the analysts quoted and are not forecasts by this website.
Twenty-four carat gold fell 0.49% to Rs 1,45,803 per 10 grams and silver fell 1.15% to Rs 2,09,061 per kilogram, according to Free Press Journal.
Investors are watching geopolitical tensions, the India-US trade talks, foreign fund flows and second-quarter earnings, according to the same report.
US Secretary of State Marco Rubio said that only a small number of items remain unresolved in the India-US trade agreement talks, according to Business Today.
On Monday, October 19, the Sensex had fallen 876.37 points to 73,852.90, according to HDFC Sky, and markets were closed on Tuesday for Dussehra.
The Free Press Journal article did not report market breadth, individual top gainers and losers, or the amounts of foreign investor selling.
Dalal Street, Mumbai (file image), Wikimedia Commons, CC BY-SA 3.0
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Ananya covers South Indian cinema, pan-India films and celebrity lifestyle.
