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Indian benchmark indices fell for the fourth consecutive day on Tuesday

Indian benchmark indices fell for the fourth consecutive day on Tuesday

India Blooms News Service | | 14 Jun 2016, 05:43 pm
Mumbai, Jun 14 (IBNS): Indian markets closed flat on Tuesday and the benchmark indices fell for the fourth consecutive session, with the Sensex down 1.06 points to 26395.71. and the Nifty down 1.75 points at 8108.85.

According to media reports, the market is cautious ahead of the US Fed Reserve's policy meet and uncertainty over the Brexit referendum.

The Reserve Bank of India's decision to relax the guidelines for banks to restructure their large stressed assets and effectively manager their bad loans boosted banking stocks.

Major stocks that gained on Tuesday were  Cipla, Adani Ports, State Bank of India, ITC and Tata Motors, while the major losers included Infosys, Bajaj Auto, Maruti, Hero MotoCorp, HDFC, Asian Paints and HUL.

 

Image: Wikimedia Commons

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