Indian benchmark indices close negative on Tuesday
Market reports attributed the trend reversal to heavy selling in realty and metal stocks largely due to mixed global cues.
Key stocks that gained on Tuesday were NTPC, Wipro, HDFC Bank, ICICI Bank, Hindalco, Maruti Suzuki and GAIL while Tata Steel, Ambuja Cements, Coal India, Sun Pharma, Asian Paints, Bharti Infratel and BHEL declined.
Meanwhile, according to media reports, former liquor baron Vijay Mallya, who left India a year ago for the UK, was arrested by the Scotland Yard on Tuesday.
Mallya, who has been accused of defaulting on loans worth crores of rupees, is expected to be produced before a metropolitan court on Tuesday.
India had requested extradition of Mallya in February, according to media reports.
The news of the arrest led to a fall in the shares of United Breweries and United Spirits, market reports said.
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