(RTTNews） - India's benchmark 30-share Sensex ended in negative territory on Tuesday but well off the lows on weak global cues and concerns about EU debt crisis. Exchange of fire between North Korea and South Korea also impacted market sentiment. Smart recovery in late trading session, however, limited the losses. The benchmark BSE sensex ended at 19,694.81, down 1.33% or 265.75 points, while the broader Nifty index ended at 5,934.75, down 75.25 points, or 1.25%.
Banks, realty and PSU stocks led the decline in the market. State Bank of India was down 3.28% followed by ICICI bank which shed 2.21%.
Hindalco, Sterlite, Tata Power and Tata Steel also ended in negative territory dragging the indices lower on weak global cues.
Reliance Industries, ITC and HDFC also slipped into negative territory.
In realty sector, Unitech declined 4.38%, followed by DB Realty, India Bulls Real Estate and Akruti City.
The major gainers in the market included pharmaceuticals and select automotive stocks. Among the gainers, Orchid Chemicals surged up 4.37% followed by Maruti Suzuki with a gain of 1.55%.
Among the other markets in the region, China's Shanghai Composite Index declined 1.94%, while the Hang Seng Index in Hong Kong plunged more than 600 points, or 2.67% on monetary tightening measures in mainland China. The other markets in the region ended in negative territory.
European markets were also trading in negative territory on concerns of contagion impact of debt crisis in countries like Portugal and Spain following Ireland's rescue efforts.
The futures in the US point to a weak opening on EU debt concerns even as traders await third quarter GDP data for cues on economy.
by RTT Staff Writer
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