INSUBCONTINENT EXCLUSIVE:
Domestic stock markets suffered sharp losses on Tuesday amid a selloff across sectors barring
energy shares, breaking a two-day winning run
The S-P BSE Sensex index fell 623.75 points - or 1.66 per cent - to end at 36,958.16, and the broader NSE Nifty benchmark settled at
10,925.85, down 183.80 points - or 1.65 per cent - from the previous close
Sharp selling in financial, automobile and information technology stocks dragged the markets lower, however strength in energy stocks - led
by heavyweight Reliance Industries - kept the losses in check
Analysts awaited macroeconomic data for more clarity on the possible course of interest rates going forward
Mahindra, Bajaj Finserv, Eicher Motors, Grasim Industries and Maruti Suzuki India, finishing with losses of between 5.05 per cent and 10.89
with 867 stocks on the BSE ending higher and 1,647 finishing lower
broader Asia, as fears about a drawn out US-China trade war, protests in Hong Kong and a crash in Argentina's peso currency drove
India plunged 30.98 per cent to 2,00,790 units last month, data from industry body Society of Indian Automobile Manufacturers (SIAM) showed
primarily while formulating the monetary policy.The financial markets will remain closed on Thursday, August 15 for Independence Day.(With
inputs from Reuters)Get Breaking news, live coverage, and Latest News from India and around the world on TheIndianSubcontinent.com
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