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Sensex, Nifty End Choppy Session Marginally Lower
(RTTNews) - Indian shares ended a choppy session slightly lower on Tuesday due to prevailing uncertainty regarding an interim trade deal between the U.S. and India.
The prospect of an interim trade deal between the U.S. and India before the August 1 deadline have dimmed due to persistent disagreements over key agricultural and dairy products.
There was also some concern about crude supplies and India's fuel exports after U.S. Senator Lindsey Graham warned that President Donald Trump will impose steep tariffs on countries that continue to import oil from Russia, specifically naming India, China and Brazil.
These three countries account for around 80 percent of Russia's crude exports, which Graham argued is helping to fund the war in Ukraine.
The benchmark S&P/BSE Sensex swung between gains and losses before ending down 13.53 points at 82,186.81.
The broader NSE Nifty index slipped 29.80 points, or 0.12 percent, to 25,060.90 while the BSE mid-cap and small-cap indexes fell 0.6 percent and 0.2 percent, respectively. The market breadth was weak on the BSE, with 2,236 shares declining while 1,783 shares advanced and 179 shares closed unchanged.
Among the prominent decliners, UltraTech Cement, Larsen & Toubro, ITC, Reliance Industries, SBI, Adani Ports and Tata Motors declined 1-2 percent.
Eternal soared more than 10 percent as Q1 results suggested that quick commerce losses have stabilized.
BEL and Titan Company both rose around 1 percent. Godavari Biorefineries jumped 5 percent on receiving Chinese patent for a cancer drug.
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