The stock market fell on Tuesday. The Sensex slipped 250 points to the lowest levels of 36,283. Nifty recorded a decline of 70 points. It fell to the level of 10,885.45.Indian market declined due to upper levels and weaker signals from Asian markets.
Sun Pharma stock rises 4.5%
Shares of IT, metal, banking, consumer durables, power and auto sector saw more selling. Vedanta's stock fell 3%. In Mahindra & Mahindra's stock too much loss was recorded.
Sun Pharma shares rose more than 4.5%. The shares of Kotak Mahindra Bank also rose by 3% during the business. According to analysts, buying in the stock has accelerated due to a 23% increase in bank profits in the December quarter. The bank had declared quarterly results on Monday.
The stock market was consistently in the profit last 5 sessions. On Monday, the closing of the Sensex was up by 192.35 points to 36,578.96. Foreign investors sold shares worth Rs 29.79 crore on Monday. However, domestic investors had made a purchase of 520.80 crores.
Declines in major Asian markets
China's Shanghai Composite Index declined 0.73% on Tuesday. Korea's Kospee 0.65% and Taiwan's index fell 0.21%. 0.88% in Hong Kong's Hengseng and 0.06% loss in Japan's Nikkei.
5 paise strong in rupee
Rupee rose 5 paise to 71.23 in intra-day on Tuesday as against the dollar.