Sensex, Nifty down on foreign selling of index futures

Reuters Market Eye - The BSE Sensex and Nifty were trading in the red on Tuesday with both indexes marking their lowest intraday level since Sept. 1.

The 30-share BSE Sensex was down 0.65 percent and the broader Nifty fell 0.77 percent as of 1:26 p.m.

Overseas investors sold index futures worth 13.94 billion rupees ($228.2 million) on Monday, exchange data shows.

Foreign funds also sold cash shares worth 746 million rupees in the previous session.

Blue-chips fell: Housing Development Finance Corp was down 0.34 percent, Oil and Natural Gas Corp shed 2.3 percent.

Caution prevailed ahead of the U.S. Fed's meeting later in the day.

 

(Reporting by Abhishek Vishnoi)