Benchmark stock market indices fell on Tuesday as technology and finance stocks suffered due to weak global cues.
Indian shares fell on Tuesday, led by tech and finance stocks and amid a global selloff over concerns rising oil prices might hamper economic activity.
The NSE Nifty 50 index fell 0.13% to 17.668.4, while the S&P BSE Sensex was down 0.12% at 59,228.3 by 9:21 am
Nifty’s IT index fell the most among major sub-indexes, down 0.88% early on Monday, led by tech companies Mphasis, HCL and Mindtree, all down between 1.06% and 1.7%.
Energy stocks, however, advanced 1.3%, led by a 4.3% rise in Indian oil and gas explorer Oil and Natural Gas Corp.
Asian shares suffered heavy losses early on Tuesday following a broad selloff on Wall Street, as investors worried about inflation due to supply chain disruptions and the rally in energy prices.
