Sensex down by 281 pts, 3-week-low

Sensex down by 281 pts, 3-week-low

Market breadth was negative with 754 advances against 1,125 declines.

"Losses in metal stocks and in index heavyweights HDFC, Larsen and Toubro (L&T) and ITC weighed on market sentiments".

Indian shares extended fall on Tuesday, tracking lackluster Asian equities and amidst reduced chances of a rate cut by the central bank after retail inflation quickened to a seven-month high.

Besides, inflation at the wholesale level too rose to six-month high of 3.59 % in October as the prices of food articles rose. BSE Sensex was up by over 15 points or 0.05% at 33,048.60 while the wider Nifty was down by over 3 points or 0.03% at 10,221.95.

In terms of the broader markets, the BSE mid-cap closed lower by 0.19 per cent and the small-cap index 0.41 per cent.

Saudi-led coalition air raid puts Yemen's Sana'a airport out of service
Noting that there were three weeks of vaccines left in the country, McGoldrick said "humanitarian supplies are dangerously low". Premature babies lie in an incubator in the child care unit of a hospital in Sanaa, Yemen November 14, 2017.

"Global cues were not helping either amid uncertainty over the U.S. tax reform, slowdown in Chinese factory output and growing political issues in the United Kingdom", he added.

"Despite significant tax relief in recent GST council meet, expectation of rise in CPI and WPI inflation added to the cautiousness", Nair added.

On the other hand, the S&P BSE consumer durables index rose by 129.50 points, automobile index by 57.54 points and realty index by 16.85 points.

Share sale by foreign portfolio investors (FPIs) was worth a net Rs 233.58 crore yesterday, provisional data showed.

According to market observers, heavy selling pressure was witnessed in capital goods, oil and gas, banking and IT stocks.

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