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Sensex, Nifty marginally lower, finance stocks down

IANS  |  Mumbai 

Selling pressure in and sectors and a slight rise in global oil prices dragged the key equity indices lower during the afternoon session of the trade on Tuesday.

According to the analysts, investors were cautious due to the ongoing poll processes in Chhattisgarh, Mizoram, Madhya Pradesh, Telangana and Counting of votes will take place on December 11.

and stocks traded over 0.60 per cent lower while selling pressure was witnessed in telecom, auto and FMCG sectors.

In contrast, buying was seen in IT and

Ahead of the OPEC meeting this week, the oil prices surged on Tuesday on expectations of supply cuts by the The traded higher at $62.32 a barrel.

The rupee, after losing 88 paise on Monday, traded flat at Rs 70.44 to a US dollar. It closed at Rs 70.45.

At 1.46 p.m, the traded 86.35 points lower at 36,154.65 from its previous close of 36,241. The index touched a high of 36,295.84 and a low of 36,036.39 while NSE's Nifty50 traded just 9.20 points lower at 10,874.55.

Domestic markets like stock markets across the world reacted well on Monday to signs of an easing US-trade tensions as the two countries agreed to halt additional tariffs.

But the domestic markets ended on a flat note on Monday due to release of weak macro data.

--IANS

ravi/in/mr

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, December 04 2018. 14:18 IST
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