Indian benchmark indices ended Tuesday's session lower as investors booked profits following recent gains, while weaker global cues pressured sentiment.
Diminished expectations of a U.S. Federal Reserve rate cut in December weighed on IT, metal, and realty stocks, even as private banks offered some support, analysts told Livemint.
The BSE Sensex fell 277.93 points, or 0.3%, to 84,673.02, while the NSE Nifty 50 dropped 103.40 points, or 0.4%, to 25,910.05.
Interglobe Aviation (NSE:INDIGO, BOM:532525) led the losers with a decline of over 2%, followed by Tech Mahindra (NSE:TECHM, BOM:532755) and Tata Consumer Products (NSE:TATACONSUM, BOM:500800).
Bharti Airtel (NSE:BHARTIARTL, BOM:532454), Axis Bank (NSE:AXISBANK, BOM:532215) and Asian Paints (NSE:ASIANPAINT, BOM:500820) were top gainers.
In economic news, India's total exports of goods and services fell 0.68% to $72.89 billion in October from $73.39 billion a year ago, while imports rose 14.87% to $94.70 billion, widening the trade deficit to $21.80 billion, according to the Ministry of Commerce & Industry.
In corporate developments, Solar Industries India (NSE:SOLARINDS, BOM:532725) secured export orders worth 14 billion rupees from international clients for defense products, to be executed over four years.
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