Share Market Update: Sensex Skids 289 Pts, Nifty Below 11,100; Yes Bank, Indiabulls Housing Top Losers

IndusInd Bank, Yes Bank, Indiabulls Housing, Sun Pharma and Hero Motocorp were among major losers on the Nifty, while top gainers included Bharti Airtel, TCS, HCL Tech, ITC and HUL.

IndusInd Bank, Yes Bank, Indiabulls Housing, Sun Pharma and Hero Motocorp were among major losers. (File Photo/ Getty)

Share Market Update: Domestic benchmark indices BSE Sensex and NSE Nifty ended on a lower note on Tuesday after kicking off the session marginally higher. The 30-share Sensex slipped 289.13 points to close at 37,397.24, while the broader Nifty went down 105.10 points at 11,084.10. According to reports, Nifty 50 ended near a five-month low, dragged by Reliance Industries Ltd., State Bank of India, IndusInd Bank Ltd. and HDFC Ltd. Even the broader market represented by the NSE Nifty 500 Index fell 1.15 percent. The negative trend in Nifty pack was on the back of selling in PSU banks, metal and auto sectors. IndusInd Bank, Yes Bank, Indiabulls Housing, Sun Pharma and Hero Motocorp were among major losers on the Nifty, while top gainers included Bharti Airtel, TCS, HCL Tech, ITC and HUL. The market data also stated that apart from IT stocks, all other sectoral indices ended on a negative note led by PSU bank (down 4.9 per cent), metal (down 3.2 per cent), auto (down 2 per cent), pharma (down 2 per cent) followed by energy, FMCG and infra stocks. The 30-share index was trading 256.08 points, or 0.68 per cent, higher at 37,942.45 during the morning trade. Similarly, the 50-share NSE Nifty rose 74.35 points, or 0.66 per cent, to 11,263.55 on Tuesday morning.  The resumption of trade talks between the US and China on Tuesday will be the first round of negotiations since May this year. However, investors are sceptical over the positive outcome of the meeting between the two strongest economies. Global investor sentiment was positive, but the gains were capped as investors were cautious ahead of crucial talks between American and Chinese officials. Market is also awaiting the outcome of the US Federal Reserve's meeting scheduled for Wednesday this week. Foreign institutional investors (FIIs) remained net sellers in the capital markets, pulling out Rs 704.42 crore on Monday, as per provisional data. Elsewhere in Asia, while Shanghai Composite Index, Hang Seng, Nikkei and Kospi were trading on a positive note in their respective early sessions. Meanwhile, the rupee declined by 3 paise to 68.78 against the US dollar in early trade. The global crude benchmark, Brent Oil, was trading 0.42 per cent higher at USD 63.98 a barrel.