After high volatility, the Indian markets ended Tuesday’s session on a negative note as the Sensex slipped over 200 points and the Nifty50 down 17000-mark for the first time since August 30, 2021. The metal and auto stocks dragged the markets most, followed by the banking and financial service stocks.

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The BSE Sensex dipped 195 points or 0.34 per cent to 57,064, while the Nifty50 declined by 71 points or 0.41 per cent to 16,983 at the market close. Broader markets outperformed the benchmarks as mid-cap gained marginally by 0.46 per cent, while the small-cap jumped 1.6 per cent at the close.

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Nifty Bank, one of the key contributors to the Nifty50, declined by 281 points or 0.78 per cent to 35695-level at the market close. IndusInd Bank dragged the banking index most.

Of 50 scrips on Nifty, 21 advanced and 29 declined at the market close. Tata Steel closed as top loser, down over 4 per cent, followed by Kotak Bank down by over 3 per cent. While stocks such as Adani Ports, JSW Steel, IndusInd Bank, and Bajaj Auto each down between 2-3 per cent.

On the contrary, Power Grid become the top gainer, up around 3 per cent, followed by Titan up over 2 per cent. While Bajaj Finserv, SBI Life, Tata Consumer, Infosys, Cipla and Bajaj Finance each surged between 1-2 per cent at the market close today.

Sectoral-wise, almost all sectoral indices closed in the red except for IT, Pharma and FMCG. Nifty Metal, auto, banking indices dipped the most by around 1 per cent, followed by financial and media. While indices such as IT, FMCG, Pharma and Realty aided the market from further fall at the close.