Domestic market declines on trade deficit, weakening rupee

Trend shows selling spree by FIIs

- ARSHAD KHAN @ New Delhi

DOMESTIC equity market declined sharply on Tuesday with the benchmarks - BSE Sensex and NSE Nifty50 - cracking nearly 1.5% each. The fall is largely attributed to the nervousness across all sectors ahead of key policy decisions from the US Federal Reserve, Bank of Japan and Bank of England.

At close, the Sensex stood at 80,684.45, down 1,064.12 points or 1.30%, and the Nifty fell 332.25 points or 1.35% to settle at 24,336. Investors lost nearly ₹5 lakh crore in a single session as the market capitalization of BSE-listed companies came down to ₹456.59 lakh crore from ₹461.33 lakh crore on Monday.