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Sensex, Nifty pare gains, Nifty Auto Index fall

The Sensex and the Nifty lost some of Monday’s vast gains. On Tuesday’s closing, the Sensex ended lower at 38,969.80, down by 382.87 points. The Nifty50 lost 119.15 points to end at 11,709.10 The Nifty Midcap&Smallcap were down 1.1% and 0.9%, respectively.

The top gainer on the Nifty50 was Dr. Reddy’s. The other gainers followed were Bharti Infratel, Titan Co, Britannia Industries and Reliance Industries, while the top losers were Tata Motors, Zee Entertainment, BPCL, AdaniPorts and IndusInd Bank down between 6 to 3%.

All major sectoral indices witnessed selling pressure. Nifty Auto closed down by 2.52 and Nifty Media lost by 2.32% each. Nifty Bank index closed declined 1.47% at 30,308.40, while Nifty Metal and Nifty IT closed down by 1.55 and 1.26% respectively on Tuesday.

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