Indian benchmark indices closed lower on Tuesday
Mumbai, Feb 20 (IBNS): Indian benchmark indices ended lower on Tuesday, erasing gains towards the end of day, largely due to weak global cues and a weak rupee, according to media reports.
BSE Sensex was down 71.07 points at 33,703.59 and NSE Nifty was down 18 points at 10,360.40.
Vedanta, Ambuja Cements, Idea Cellular, Coal India, ONGC, SBI, TCS and Bharti Infratel were some of the key gainers on Tuesday while M&M, Axis Bank, Aurobindo Pharma, Reliance, Yes Bank and Kotak Mahindra were some of the key stocks that declined.
According to reports, Ratings firs Moody's has placed Punjab National Bank's ratings under review for downgrade.
Meanwhile, the Supreme Court of India, on Tuesday, has agreed to hear a petition seeking the setting up of a special investigation team (SIT) to probe the banking fraud, allegedly by billionaire jewellers Nirav Modi and Mehul Choksi Modi, according to media reports.
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