At the close of market hours, the Sensex ended lower by 294.84 points or 0.78% at 37290.67, while the Nifty fell 98.90 points or 0.87% at 11278.90.
Investors turned wary of escalating trade war tensions between US and China as the former threatened another round of import tariffs on USD 200 billion worth of Chinese goods. This rattled the Asian markets, which had a weak handover on India as well.
Multiple factors were behind this upmove, but investors mainly hoped for some commentary or outcome from the Prime Ministerâs economic review meet over the weekend.
At the close of market hours, the Sensex ended up 304.83 points or 0.81% at 37717.96, while the Nifty is higher up 82.40 points or 0.73% at 11369.90
At the close of market hours, the Sensex was down 509.04 points or 1.34% at 37413.13, while the Nifty fell 150.60 points or 1.32% at 11287.50.
The day was largely dominated by the bears, with the benchmarks seeing selling right from the first minute. Along with it, rupeeâs weakness ahead added to its woes. The Nifty gave up 11,450-mark.
At the close of market hours, the Sensex ended higher by 224.50 points or 0.59% at 38242.81, while the Nifty closed higher by 59.90 points or 0.52% at 11536.90.
At the close of market hours, the Sensex is down 139.61 points or 0.37% at 38018.31, while the Nifty is down 43.30 points or 0.38% at 11477.00.
There was selling across all the sectors, with a major downward move seen among banks, FMCG, auto, infra, metals, pharamceuticals and PSU banks.
While FMCG were one of the big laggards through the day, weakness among banks, along with IT, pharmaceuticals, energy, and infrastructure sectors also weighed on the indices.
A weak rupee, higher crude oil prices along with selloff in midcaps were one of the major reasons behind the downtrend on the market.
A sharp selloff in metals, banks as well as energy names is weighing on indices. Meanwhile, pharmaceuticals continue to trade higher, led by gains in Sun Pharmaceuticals.
A weak rupee weighed on indices through the day, with the Indian currency dropping to a fresh low of 70.8550. Analysts had attributed the fall to rising crude oil prices and month-end dollar buying by oil companies to pay these off.
The rupee touched a record low of 70.82 against the US dollar while Brent crude futures traded over $77 a barrel.
At the close of market hours, the Sensex closed 173.70 points or 0.45% lower at 38722.93, while the Nifty fell 46.60 points or 0.40% at 11691.90.
From the BSE Group A stocks, Dena Bank zoomed 19.75 percent while Bajaj Corp jumped 8.2 percent. Also, UCO Bank gained 6.2 percent and Corporation Bank is up 7.13 percent.
The project is to be completed within 24 months and agreement will be signed in due course.
The breadth of the market favoured declines, with 593 stocks advancing, 1131 declining and 341 remaining unchanged. On BSE, 996 stocks advanced, 1564 declined and 165 remained unchanged.
According to CLSA, management commentary pre-quarter close remains positive and sees 2QFY19 demand trends broadly similar to first quarter.
The share has corrected 16 percent from its peak due to wavering revenue growth guidance, while valuation remains appealing post selloff, said research house.
PSU banks are underperforming, with the index down over 3 percent dragged by Bank of Baroda, Andhra Bank, Canara Bank, Bank of India, OBC, State Bank of India and Union Bank of India.
Infosys is required to pay to Bansal the outstanding severance amount of Rs 12.17 crore with interest.
All stocks under Nifty PSU Bank index are under pressure and index itself fell 2.8 percent intraday.
Shree Renuka, Balrampur Chini, Dhampur Sugar, Triveni Engg, Mawana Sugars, Ugar Sugar Work and Ponni Sugars (Erode) were down up to 10 percent intraday Tuesday.
Among the sectors which are outperforming the broader indices are the FMCG space, the Pharma and the Energy sectors. The BSE consumer durable space along with healthcare and the manufacturing sectors are all trading in the green.
Rating agency assigned CRISIL A1 rating for the said commercial paper, which has maturity on December 04, 2018.
GGL has been granted 300 months of infrastructure exclusivity i.e. valid up to September 05, 2043 and 96 months of marketing exclusivity valid up to September 05, 2026 for the CGD network.
The breadth of the market favoured declines, with 802 stocks advancing, 810 declining and 449 remaining unchanged. On BSE, 1027 stocks advanced, 964 declined and 117 remained unchanged.
Aurobindo is now among the first few companies which has received approval for this product.