Market Wrap: Sensex tumbles 533 pts, Nifty slips below 25,900;

HCLTECH

Tech,

TATASTEEL

fall ~2%

Indian equities closed in the red on Tuesday, with the Sensex and Nifty extending losses for a second consecutive session. Continued foreign portfolio selling and a softer rupee unsettled sentiment, while ongoing uncertainty around a possible U.S. trade agreement kept investors cautious on Dalal Street. The S&P BSE Sensex declined 533 points (0.63%) to end at 84,679.86, while the NSE Nifty 50 shed 167 points (0.64%), settling at 25,860.10. On the Sensex,

, , Technologies, , and were among the top laggards, slipping between 2% and 5%. dropped nearly 5% after brokerage firm Citi flagged the possibility of sustained pressure on net interest margins into the December quarter. The stock emerged as the biggest drag on the Nifty, weighing on financials, with the sector down 0.8% and private banks slipping 1.2%. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.