Markets Hit Pause After Record Run

Stock markets tumbled on Tuesday with benchmark Sensex falling by 1,282 points due to profit-taking in IT, auto and private banking shares a day after a record rally.

- Press Trust of India

MUMBAI:

The 30-share BSE barometer tanked 1,281.68 points or 1.55% to settle at 81,148.22 with 25 of its constituents closing with losses and five with gains. During the day, it fell sharply by 1,386.21 points or 1.68% to 81,043.69.

The broader Nifty of NSE dropped 346.35 points or 1.39% to 24,578.35.

From the Sensex firms, Infosys declined the most by 3.54%. Power Grid dropped 3.4%, Eternal by 3.38%, HCL Tech by 2.94%, Tata Consultancy Services by 2.88% and Bharti Airtel by 2.74%. IndusInd Bank, HDFC Bank, ICICI Bank, NTPC, Maruti, Tata Motors, and M&M were also among the laggards.

Sun Pharma, Adani Ports, Bajaj Finance, State Bank of India and Tech Mahindra were the gainers.