Nifty falls over 2 pct, ends below 200-day moving average | Reuters

The Nifty fell more than 2 percent on Tuesday as market heavyweight Tata Motors slumped after posting weaker-than-expected earnings, and lenders such as ICICI Bank and HDFC Bank declined. The index closed down 2.26 percent at 8,108.45, and ended below the 200-day moving average, typically a bearish technical signal for the near-term. The benchmark Sensex ended 1.92 percent lower at 26,304.63.

Reuters November 15, 2016 21:45:10 IST
Nifty falls over 2 pct, ends below 200-day moving average
| Reuters

Nifty falls over 2 pct ends below 200day moving average
 Reuters

The Nifty fell more than 2 percent on Tuesday as market heavyweight Tata Motors slumped after posting weaker-than-expected earnings, and lenders such as ICICI Bank and HDFC Bank declined. The index closed down 2.26 percent at 8,108.45, and ended below the 200-day moving average, typically a bearish technical signal for the near-term. The benchmark Sensex ended 1.92 percent lower at 26,304.63.

While Tata Motors was one of the main decliners, ending down 9.84 percent, ICICI Bank and HDFC Bank dropped 2.4 percent and 1.65 percent, respectively.

(Reporting by Samantha Kareen Nair in Bengaluru; Editing by Sherry Jacob-Phillips)

This story has not been edited by Firstpost staff and is generated by auto-feed.

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