Key benchmark indices fell for a third
straight session and closed at their lowest level in 1-1/2 weeks on
Tuesday as lenders including HDFC Bank declined on worries over
offloading of index futures by foreign investors.
Foreign institutional investors sold index futures worth 11.70 billion
rupees ($193.21 million) over the previous two sessions, turning sellers
for the first time since April 16. Caution also prevailed ahead of the
U.S. Federal Reserve's two-day meet starting Tuesday, coming at a time
of continued tensions between Russia and the West over Ukraine.
The market breadth, indicating the overall health of the market was negative, in Nifty50 stocks the advances to declines stands at 14 advances to 35 declines, 1 unchanged.
The market breadth, indicating the overall health of the market was negative, in Nifty50 stocks the advances to declines stands at 14 advances to 35 declines, 1 unchanged.
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