Indian shares fluctuated before ending firmly in negative territory on Tuesday due to losses in index heavyweights Reliance Industries and Tata Steel.
Gains in automobile and realty companies helped to limit the downside in the broader market.
Global cues were muted ahead of the upcoming Bank of England and Fed meetings where the central banks could cease the pandemic-era stimulus.
The 30-share S&P BSE Sensex ended down 109.40 points, or 0.18 percent, at 60,029.06 while the broader NSE Nifty index dropped 40.70 points, or 0.23 percent, to 17,888.95.
A fall in copper and iron ore prices in international markets pulled down metal stocks, with Hindalco, JSW Steel and Tata Steel losing 2-3 percent.
Conglomerate Reliance Industries fell 1.4 percent to post its seventh session of losses in the last 10.
Automakers advanced, with Maruti Suzuki gaining 2.3 percent after it commenced bookings for the new Maruti Celerio.
Agrochemical holding company PI Industries slumped 7.2 percent after the company terminated the agreement related to acquisition on slump sale of Ind-Swift Laboratories.
Consumer goods firm Bajaj Consumer Care fell 5.3 percent after posting disappointing quarterly results.
Market Analysis
Sensex, Nifty End Choppy Session Lower
2021-11-02 11:19:03
