• Source:JND
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Stock Market: Equity market benchmark indices Sensex and Nifty declined by more than 1 per cent on Tuesday amid a massive outflow of foreign funds and subdued global equities. Additionally, the weakening earnings growth trend is also dampening the market sentiment, traders said. The BSE Sensex fell 930.55 points, or 1.15 per cent, to 80,220.72, extending its previous day's decline. The day tanked by 1,001.74 points, or 1.23 per cent, to 80,149.53. The NSE Nifty declined by 309 points or 1.25 per cent to 24,472.10.

Mahindra & Mahindra, Power Grid, Tata Steel, State Bank of India, Tata Motors, NTPC, IndusInd Bank, Larson & Toubro, Bajaj Finance and Reliance were among the top losers in the Sensex pack of 30.

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In contrast,  Nestle, ICICI Bank, and Infosys gained from the pack. Foreign institutional investors on Monday sold equities worth Rs 2,261.83 crore while domestic institutional investors purchased equities worth Rs 3,225.91 crore, exchange data showed.

Shares of Hyundai Motor India Ltd, the Indian arm of South Korean automaker Hyundai, made a muted market debut on Tuesday, ending more than 7 per cent lower against the issue price of Rs 1,960. In the Asian markets, Seoul and Tokyo settled on the lower end, while Shanghai and Hong Kong closed on a higher note.

The European market witnessed thin trade. U.S. markets ended on a mixed note on Monday. Brent crude, the global benchmark, rose 0.61 per cent to $74.74 a barrel. The BSE benchmark had declined 73.48 points, or 0.09 per cent, to 81,151.27 on Monday. The Nifty had slipped by 72.95 points, or 0.29 per cent, to 24,781.10.

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(With Agencies Inputs)