Sensex drops 228 points, Nifty below 10,250 on rising oil worries, inflation in focus
Sensex had rallied 858.61 points in the previous three sessions
Mumbai: Caution put stocks to test on Tuesday as the Sensex tumbled 228 points -- in a break with three sessions of gains -- after investor worry deepened over rising global oil prices ahead of macroeconomic data.
Participants waited for a clutch of macro pointers later in the day. Other Asian shares turned weak.
The Sensex closed at 33,227.99, loss of 227.80 points, or 0.68 percent.
The gauge had rallied 858.61 points in the previous three sessions.
The broader Nifty settled below the key 10,300-level, down 82.10 points, or 0.80 percent, at 10,240.15.
Fresh spell of selling was witnessed in realty, power and banking.
Market Roundup: Sensex, Nifty make swift recovery after three-day slide; today's top gainers and losers
At the clsoing bell, the BSE Sensex was up 209.36 points or 0.40 percent at 52,653.07 while the NSE Nifty50 gained 69.05 points or 0.44 percent to close at 15,778.45
Market Roundup: Sensex, Nifty skid for third day as bank stocks tumble; today's top gainers and losers
After plummeting over 700 points in intra-day trade, the 30-share BSE Sensex clawed back some lost ground to end 135.05 points lower at 52,443.71, while the NSE Nifty slipped 37.05 points to close at 15,709.40
Tata Steel, Bajaj Finserv and SBI were among the top gainers at both the BSE Sensex and NSE Nifty50 whereas Dr Reddy and Axis Bank were among the top losers in both the indices