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Weakness in US futures drive Sensex, Nifty lower. Late selling drags Sensex 554 points lower; Nifty barely holds above 18,100; Maruti, UltraTech tank 4% each
The benchmark indices opened higher on Tuesday but soon slipped into the red, led by selling in shares of Maruti Suzuki, Reliance Industries and UltraTech Cement, among others.
Surge in oil prices and FIIs again turning sellers are acting as headwinds for the market. Analysts further believe the market is moving from growth to value and quality value stocks will be safe bets during the volatile times.
| Index | Closing | (+) (-) |
| BSE | 60755 | – 554 |
| NIFTY | 18113 | – 195 |
| NIFTY Midcap 100 | 31381 | – 2.06 % |
| NIFTY Smallcap 100 | 11687 | – 2.45 % |
| NIFTY Bank | 38210 | – 0.02 % |
| NIFTY IT | 38092 | – 1.84 % |
| NIFTY Pharma | 13698 | – 1.19 % |
| NIFTY Auto | 11599 | – 2.38 % |
| Gold | 47893 | |
| USD / INR | 74.58 |
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