Indian market slips on Tuesday despite early gains
The market was weighed down by oil and bank stocks and remained cautious ahead of ahead of British Prime Minister Theresa May's speech on Brexit plans due later on Tuesday, media reported.
The market had opened on positive mood with the news of consensus over the Goods and Services Tax (GST) roll out.
On Monday, with the states and the Centre agreeing over most issues, including tax administration, it is expected that the GST will be implemented from July 1, according to media reports.
Apart from Brexit, the market is also on tenterhooks about the upcoming Union Budget and the policy to be adopted by US President-elect Donald Trump as he assumes power.
Top five stocks on the BSE Sensex on Tuesday were NTPC Ltd, Asian Paints, Axis Bank, HUL and Hero Motocorp while the top losers included Reliance Industries, Coal India, ONGC, Adani Port and HDFC.
Image: Wikimedia Commons
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