The market saw steep fall in late trade with the Sensex losing 244.75 points to 28799.69 and the Nifty declining 83.80 points to 8750.20. Even the broader markets snapped 10-day winning streak, falling more than half a percent.
Sesa Sterlite, SBI, Tata Power, ITC and Maruti Suzuki are top gainers in the Sensex. Among the losers are M&M, BHEL, Sun Pharma, Tata Motors and Bharti Airtel.Crude oil prices climbed in Asia for a fifth-straight trading day today following forecasts that US shale production could decline and help ease a global supply glut, analysts said. The US Energy Information Administration said on Monday that output from the country’s seven shale regions, which has driven production to a record high, looked set to fall by 57,000 barrels per day in May.
Sesa Sterlite, SBI, Tata Power, ITC and Maruti Suzuki are top gainers in the Sensex. Among the losers are M&M, BHEL, Sun Pharma, Tata Motors and Bharti Airtel.Crude oil prices climbed in Asia for a fifth-straight trading day today following forecasts that US shale production could decline and help ease a global supply glut, analysts said. The US Energy Information Administration said on Monday that output from the country’s seven shale regions, which has driven production to a record high, looked set to fall by 57,000 barrels per day in May.
ICICI Bank ended 0.8% lower after paring gains and SBI ended 1.3% higher. On Tuesday, ICICI Bank reduced its home loan rates by 25 basis points.
Capital goods stocks ended lower after gains in the previous session on the back of encouraging February IIP data. L&T lost 1% while BHEL has declined nearly 4%.
From the metal pack, Sesa Sterlite posted gains close to 2.5% while Hindalco and Tata Steel declined 0.3% and 2% respectively.
Tata Motors declined around 2%. Tata Motors has launched the newest model of Jaguar called XE, an entry level luxury saloon car, from its factory in the West Midlands region of England.
Bajaj Auto declined around 1.7%. Bajaj Auto, on Tuesday, expanded its Pulsar range in the adventure sport motorcycle category, AS200 and AS150, priced at Rs 79,000 and Rs 91,550 (ex-showroom Delhi).
Bharti Airtel declined 2.5%. A meeting of the Board of Directors of Bharti Airtel will be held on April 28, 2015, to consider and take on record the Audited Financial Results for the fourth Quarter and financial year ended on March 31, 2015.
Capital goods stocks ended lower after gains in the previous session on the back of encouraging February IIP data. L&T lost 1% while BHEL has declined nearly 4%.
From the metal pack, Sesa Sterlite posted gains close to 2.5% while Hindalco and Tata Steel declined 0.3% and 2% respectively.
Tata Motors declined around 2%. Tata Motors has launched the newest model of Jaguar called XE, an entry level luxury saloon car, from its factory in the West Midlands region of England.
Bajaj Auto declined around 1.7%. Bajaj Auto, on Tuesday, expanded its Pulsar range in the adventure sport motorcycle category, AS200 and AS150, priced at Rs 79,000 and Rs 91,550 (ex-showroom Delhi).
Bharti Airtel declined 2.5%. A meeting of the Board of Directors of Bharti Airtel will be held on April 28, 2015, to consider and take on record the Audited Financial Results for the fourth Quarter and financial year ended on March 31, 2015.
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