New Delhi, India (BBN)-The BSE benchmark Sensex fell for second consecutive day on Tuesday on the back of selling in oil & gas, FMCG, pharma, IT and capital goods stocks.
The 50-share Nifty settled below its crucial psychological level of 8,350 led by losses in blue-chip stocks such as Reliance Industries, ONGC, Laresn & Toubro and Tata Motors.
The Sensex opened lower in trades today tracking weak global cues. Selling pressure in heavyweight like Tata Motors ahead of earnings took Sensex below 27,500 levels in trades on Tuesday.
Meanwhile, selling pressure was visible in most of the sectors. Oil & gas, FMCG, pharma, IT and capital goods stocks were among the worst hit.
From the Nifty-50 basket of stocks, 31 stocks declined while 19 stocks advanced.
Tata Motors shares slipped 1.5 per cent to Rs 497 ahead of its March quarter numbers which are due to come out post the market hours.
Analysts expect Tata Motors to report muted set of March quarter numbers. Tata Motors' net profit is likely to jump 4.4 per cent to Rs 4,092 crore from Rs 3,918 crore an analyst poll by NDTV showed.
Ambuja Cement was the top Nifty loser, the stock fell 2.4 per cent to Rs 226. Vedanta, ONGC, NTPC, Bharat Petroleum, Tech Mahindra, Cairn India, Reliance Industries, ICICI Bank, Idea Cellular, Wipro, ITC, ACC and HDFC were also among the laggards.
On the other hand, BHEL was the top Nifty gainer. The stock advanced 3 per cent to Rs 241 after the company reported better than expected march quarter numbers.
Coal India, Bank of Baroda, Hero MotoCorp, Bajaj Auto, Yes Bank and Maruti Suzuki were also among the gainers.
The broader markets ended marginally lower. The BSE mid-cap and small-cap indices closed 0.1 per cent lower.
The Sensex finally ended 112 points lower at 27,531 and the Nifty slipped 31 points to settle at 8,339.