Sensex tanks 1,053 points, Nifty settles near 21,240 mark
What's the story
The stock market witnessed a downward trend on Tuesday.
The Sensex crashed 1.47% or 1,053.10 points to settle at 70,370.55 points. Meanwhile, Nifty plummeted 1.54% or 333 points to end at 21,238.8 points.
The midcap indices were in a bearish mode as the Nifty Midcap 50 plunged 424.25 points, or 3.25%, to 13,049.05 points.
Here's all you need to know about Tuesday's market report.
Result
Who were the biggest gainers and losers?
Coming to the top-gaining sectors of the market, NIFTY PHARMA emerged as the highest-gaining sector on Tuesday with a 1.64% rise.
The biggest stock gainers were Cipla, Sun Pharma, and Bharti Airtel, which climbed 7.05%, 3.93%, and 3.05%, respectively.
Meanwhile, IndusInd Bank, Coal India, and ONGC lead the negative pack, plummeting 6.1%, 5.89%, and 5.02%, respectively.
Data
Take a look at the global markets
The Asian markets traded in the red with the Shanghai Composite Index, the Hang Seng Index, and the Nikkei plunging 0.53%, 2.56%, and 0.08% to 2,770.98 points, 15,353.98 points, and 36,517.57 points, respectively. In the US market, NASDAQ edged 0.32% higher to 15,360.29 points.
Scenario
INR goes down 0.1% against the US Dollar
On Tuesday, the Indian Rupee (INR) edged 0.1% lower to Rs. 83.15 versus the US Dollar in the forex trade.
Also, the gold futures prices surged by 0.31% to Rs. 62,058, while the silver futures settled flat at Rs. 70,890.
The crude oil future prices declined by $0.96, or 1.28% to $74.38 per barrel.
Data
No change in fuel prices in India
Fuel prices remained unchanged on Tuesday. In Delhi, diesel and petrol cost Rs. 89.66/liter and Rs. 96.76/liter, respectively. In Mumbai, diesel is priced at Rs. 94.25/liter and petrol retails at Rs. 106.29/liter.
Crypto