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Tracking weakness in Asian markets, domestic benchmark indices, too, started on a subdued note on Tuesday. The 30-pack S&P BSE
quoted at 54,084, down 311 points or 0.57 per cent, in early deals while the Nifty50 hovered around 16,108, down 108 points or 0.67 per cent.
Tata Steel, HCL Tech, Dr Reddy’s Labs, Titan, Bajaj Finserv, and M&M were the major losers in the large-cap space, falling up to 2 per cent in morning trade. Axis Bank, TCS, Bharti Airtel, and SBI, meanwhile, eked out nominal gains.
Meanwhile, in the broader market, the BSE MidCap and SmallCap indices fell 0.5 per cent each.
Besides, NMDC declined over 4 per cent amid correction in metal prices.
Sectorally, it was a sea of red across the board. The Nifty Metal index cracked 2 per cent, while the Nifty Realty, FMCG, and Financial Services indices slipped 0.5 per cent each.
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