The major stock indices Sensex and Nifty closed marginally lower on Tuesday due to a lack of any strong signal from domestic and global stock markets. After rising more than 254 points in early trade, the 30-share BSE Sensex saw a fall and fell 8.41 points, or .02 percent to close at 37,973.22. Similarly, the NSE Nifty fell 5.15 points, or .05 percent, to close at 11,222.40.
ONGC saw the biggest drop of three percent in the Sensex. Apart from this, IndusInd Bank, PowerGrid, Axis Bank, HCL Tech, NTPC and ITC were also among the major losers. On the other hand, UltraTech Cement, TCS, Tata Steel, Titan and HDFC gained. According to traders, lack of clear signals from domestic and global markets led to flat business.
He said that domestic investors became cautious after the Reserve Bank's adjudicative policy review meeting was postponed. In addition, businesses in markets around the world are waiting for the first presidential debate between US President Donald Trump and Democratic candidate Joe Biden. During this period, markets in Shanghai, Tokyo and Seoul closed up, while Hong Kong declined.
Stock markets in Europe were trading declining during initial deals. Meanwhile, the international oil benchmark Brent crude was down 0.44 percent to US $ 42.68 per barrel.