Amid volatile session today, the Indian market on Tuesday closes lower after a range-bound trading session, the market breadth favours decline with advance-decline ratio at 3:4. Led by Dr Reddy’s, the Nifty Pharma declined by 4 per cent with all its constituents closing in negative at market close today.

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The benchmarks BSE Sensex closed over 273 points or 0.52 per cent lower to 52578.8, while Nifty50 slipped by 78 points or 0.49 per cent to 15746.5 at the close today. 

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In broader markets, the mid-cap index tumbled by 119 points or 0.43 per cent to 27455, while Nifty Bank dipped by over 152 points or 0.44 per cent to 34797.4 levels today at the market close.     

Out of 50 scrips on the Nifty50, 17 advanced, 33 declined at the market close today. Metal stocks rise following reports of china mulling export tariffs of 10-25 per cent on steel. In this regard, Nifty metal become the top sectoral gainer to surge over 1 per cent and Hindalco top gainer, up over 4 per cent.

While SBI Life up over 3 per cent, Tata Steel up around 3 per cent, Bajaj Finserv up 2 per cent and SBI up over 1 per cent are the other top gainers today at the market close.

Dr Reddy’s amid lower-than-expected results dragged the market most by over 10 per cent, followed by Cipla down 3.5 per cent, while Axis Bank and Adani Ports slipped by 3 per cent each today. 

Sector-wise, all sectors ended in the red except for the Nifty Metal up around 1.5 per cent and PSU Bank Index grew marginally. Nifty Pharma dragged the domestic markets most by over 4 per cent, led by Dr Reddy’s and Divis Lab. While banking and financials also lead the decline today.