Selling in auto, metal and state-run banking stocks dragged markets lower Domestic stock markets closed lower on Tuesday tracking weakness in Asian peers on concerns about global growth, a day after International Monetary Fund cut its global growth forecasts.
The Sensex shed 134 points to end at 36,444, while Nifty finished at 10,922, down 39 points from previous close.
Selling in auto, metal and state-run banking stocks weighed on markets, whereas buying in pharmaceutical shares limited downside.
Top laggards on 50-scrip index were Vedanta, Tata Steel, Mahindra Mahindra, finishing 3.7 per cent, 3.3 per cent and 3.1 per cent lower respectively.