Nifty Metal ends 2.83% lower. Top losers: COMPANY LATEST PREV CLOSE LOSS() LOSS(%) VOLUME HINDALCO INDS. 220.60 234.45 -13.85 -5.91 14748354 JINDAL STEEL 171.00 180.60 -9.60 -5.32 9297583 TATA STEEL 563.35 582.40 -19.05 -3.27 7632646 S A I L 62.35 64.30 -1.95 -3.03 8510468 VEDANTA 205.10 211.35 -6.25 -2.96 18612503
The S&P BSE Sensex ended at 35,475, down 300 points or 0.8 per cent, while the broader Nifty50 index settled at 10,656, down 107 points or 1 per cent.
Among the sectoral indices, the Nifty Metal index, the top loser of the day, ended 2.8 per cent lower weighed by Jindal Steel & Power and Hindalco Industries. The Nifty IT index slipped 2.2 per cent due to fall in Wipro and Infosys.
In key stocks, the private sector lender YES Bank fell 6 per cent to settle at Rs 192.50 on the National Stock Exchange (NSE) following its independent director Rentala Chandrashekhar's resignation. “Rentala Chandrashekhar, non-executive, independent director has tendered his resignation from the bank's board, on November 19, 2018, with immediate effect,” the bank said.
Shares of Adani Gas surged 4.8 per cent to end the day at Rs 81.40 per share on the BSE, on the back of heavy volumes on the BSE after the stock shifted to normal trading segment with effect from today from the restricted segment.
The rupee traded on a firm note on Tuesday, rising to a two-month high of 71.28 against US dollar in intra-day trade, up from its previous of 71.65 against the greenback.
MSCI's broadest index of Asia-Pacific shares outside Japan dropped 1.2 per cent. Tech stocks were under pressure across Asia following US losses. In Seoul, Samsung Electronics fell 2 per cent and SK Hynix Inc dropped 3.5 per cent, while Japan's Tokyo Electron was down 1.8 per cent, Advantest lost 2.7 per cent and Sony Corp shed 3.1 per cent.
Japan's Nikkei slipped 1.1 per cent, with shares of Nissan Motor Co tumbling than 5 per cent after its Chairman Carlos Ghosn was arrested on Monday for alleged financial misconduct. He will be fired from the board this week.
(with wire inputs)