Shares of SBI, Bharat Electronics, BPCL, Trent and TCS traded among top gainers of Nifty 50 pack, while Bajaj Auto, Hero Motocorp. Bajaj Finserv, Nestle India and HCL Tech dragged.
Auto stocks recorded significant loss, along with IT, telecom, FMCGs also declining. Nifty media gained over 2 per cent. Banking stocks continued to show resilience.
Global trade tensions and continued FIIs selling dragged the broader market. Sensex traded lower by 192.69 pts or 0.26 per cent at 72,893.25 as at 12.56 pm (dipping below 73,000 level), and Nifty 50 dropped by 63.00 pts or 0.28 per cent to 22,056.30.
Top gainers & losers
State Bank of India led the gainers with 2.95 per cent increase to ₹715.8. The stock gained momentum after Citi upgraded it to buy from sell rating, and increased target price to ₹830.
BEL followed with a 2.58 per cent gain to trade at ₹264.02.
BPCL shares rose 1.71 per cent to ₹246.56. In addition, Trent and TCS were 1 per cent to trade at ₹4,998 and ₹3,528.1, respectively.
On the losing side, auto stocks Bajaj Auto and Hero Motocorp fell 4 per cent and 2.99 per cent to ₹7,406.5 and ₹3,522.1, respectively.
- Auto stocks react to February sales data
The index felt the maximum pressure on Tuesday.
Bajaj Finserv declined 2.50 per cent to ₹1,792.5.
Nestle India dipped 2.11 per cent to ₹2,139.35, while HCL Technology fel 2.06 per cent to ₹1,540.05.
Shares of Bajaj Auto, Gensol Engineering, IGIL and Wendt were among the 436 stocks that hit 52-week low on the National Stock Exchange. Of all the 2,834 stocks that were traded, 1,527 advanced and 1,234 declined.