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Stock market LIVE: Benchmark indices edged lower in Tuesday’s early deals after markets in the Asia-Pacific commenced the first trading week for the year with sharp losses.
The S&P BSE Sensex quoted at 61,074, down 94 points or 0.15 per cent, while the Nifty50 was below 18,200 level.
Axis Bank, Kotak Bank, IndusInd Bank, SBI, Tata Motors, UPL, PowerGrid, and HDFC Life were the top Nifty50 gainers as they rose up to 0.6 per cent. On the flipside, Britannia, Reliance Industries, Hindalco, Hero MotoCorp, HUL, SBI Life, and HCL Tech, which fell in the range of 0.4 per cent to 0.6 per cent, weighed on the index.
In the broader markets, the BSE MidCap and SmallCap indices outperformed the mainstream indices by rising up to 0.3 per cent.
Further, among key sectoral trends, the Nifty PSU Bank index (up 0.7 per cent) was the top performing index in today’s trade, while the Nifty Pharma index fell the most, down 0.25 per cent.
Individually, shares of Reliance Industries, ONGC, and Oil India fell 0.5 per cent each after the government hiked windfall tax on crude oil to Rs 2,100 per tonne from Rs 1,700 with effect from January 3. Export tax on diesel rose to Rs 7.5 per litre.
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