Indian benchmark indices disappoint on Tuesday
Mumbai, May 29 (IBNS): The three-day of consecutive gains by the Indian market got a jolt on Tuesday as BSE Sensex fell 216.24 points at Rs 34,949.24 and NSE Nifty fell 55.40 points at 10,633.30.
Weak global cues and a sharp fall in rupee was largely responsible for the decline, according to market reports. Bank stocks overall also had a disappointing day.
Some of the key stocks that posted gains on Tuesday were M&M, Gail, Idea Cellular, HCL Tech, Infosys, TCS, Hero Motocorp and Bharti Airtel, while ICICI Bank, SBI, IndusInd Bank, es Bank, Kotak Mahindra, Zee Entertainment, UPL and Yes Bank were some of the key stocks that declined.
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