Benchmarks pull back after six-session rise; IT, metals drag

Domestic equity benchmarks snapped a six-session winning streak on Tuesday due to losses in information technology and metal stocks, as investors awaited key US economic data releases that would offer cues on whether the Federal Reserve cuts rates next month.

- REUTERS

Domestic equity benchmarks snapped a six-session winning streak on Tuesday due to losses in information technology and metal stocks, as investors awaited key US economic data releases that would offer cues on whether the Federal Reserve cuts rates next month.

The Nifty 50 fell 0.4 per cent to 25,910.05, while the BSE Sensex lost 0.33 per cent to 84,673.02.

‘All the 16 major sectors fell on the day. The broader small-caps and mid-caps lost 1.1 percent and 0.6 per cent, respectively.