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MARKET WRAP: Sensex ends 74 pts lower; PSBs, metals decline, Maruti up 4%

Domestic stocks defied gains in the Asian peers to slip 182 and 69 points at the Sensex and Nifty50, respectively in the intra-day trade.

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Sentiment at D-Street remained subdued on Tuesday as no stimulus was in sight for the staggering economy. Markets ended today's volatile session in the red with stocks of the public sector banks sliding the most. The losses were, however, capped by gains in the information technology, who gained on the back of a weaker rupee. 

The S&P BSE Sensex ended at 37,328 level, down 74 points or 0.20 per cent. Index heavyweights like Reliance Industries, ITC, and HDFC dipped over 1 per cent each to drag the benchmark indices lower. Maruti, Tata Motors, HCL Tech, and Infosys were the top gainers at the 30-share index, while YES Bank, IndusInd Bank, and ITC were the biggest losers. The broader Nifty50, too slipped 37 points, or 0.33 per cent, to settle at 11,017 mark. 

Domestic stocks defied gains in the Asian peers to slip 182 and 69 points at the Sensex and Nifty50, respectively in the intra-day trade.

Sectorally, only three sectors ended in the green. Nifty PSB index closed 2.4 per cent lower, followed by Nifty metal index, down 1.7 per cent. On the contrary, Nifty auto index gained 1.2 per cent, followed by Nifty IT index, up 1.18 per cent. 

In the broader market, S&P BSE mid-cap ended at 13,437 level, down 81 points, or 0.6 per cent. The S&P BSE small-cap index, too, closed 79 points, or 0.62 per cent, lower at 12,570 level.  

GLOBAL CUES

Asian shares rose on Tuesday as hopes for stimulus in major economies tempered anxiety about a global recession, boosting riskier assets and drawing money from safe-havens such as bonds and gold.

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.53 per cent, while Japan’s Nikkei rose 0.54 per cent.

(With inputs from Reuters)