Mumbai, June 3: The Indian stock market closed in the red on Tuesday — the third consecutive trading session when the domestic indices witnessed a decline amid weak global cues.
Sensex ended 636.24 points or 0.78 percent down at 80,737.51 while the Nifty was down 174.10 points or 0.70 percent at 24,542.50.
On a sectoral basis, IT, PSU Bank, Financial Services, FMCG and Energy were the biggest laggards.
Midcap and Smallcap performed better than Largecap. The Nifty Smallcap 100 index was up 18.60 points, or 0.10 per cent, at 18,114 and the Nifty Midcap 100 index was down 258.45 points, or 0.45 per cent, at 57,517.
Markets edged lower in a volatile trading session, losing over half a per cent amid weak cues.
“After an initial uptick, the Nifty oscillated sharply in early trade; however, a sharp decline below the short-term moving average (20 DEMA) in the latter half of the session kept the tone negative,” said Ajit Mishra from Religare Broking Ltd.
The ongoing foreign fund outflows, coupled with weak global cues such as geopolitical tensions and uncertainty over trade deals, are adding pressure to the markets, said analysts.
