Global cues drag equity indices lower; Nifty50 lowest in 3 weeks

Sensex Nifty trade in red RCom among top losers

Sensex Nifty trade in red RCom among top losers

Similarly, the wider 50-scrip Nifty of the National Stock Exchange (NSE) dipped by 24 points or 0.23 per cent to 10,200.95 points.

The 30-scrip S&P BSE Sensex closed at 33,033.56 points - down 281 points or 0.84 per cent.

The markets turned negative after government data showed a rise in both consumer and wholesale inflation, according to Mint. Sentiments suffered a jolt after retail inflation climbed to 7-month high in October, dampened hopes of a cut in interest rates by the Reserve Bank at its upcoming policy meet early next month, brokers said.

Sensex of the BSE, which opened at 32,990.03 points, closed at 32,941.87 points - down 91.69 points or 0.28 per cent - from Monday's close.

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Apartment Investment and Management Company (NYSE:AIV) is worth US$7.15 Billion and has recently risen 0.75% to US$45.47. The company's net profit margin has achieved the current level of 8.6 percent and possesses 34.1 percent gross margin.

Market breadth was in the favour of gainers, with about 2 stocks advancing to every 1 stock that declined.

Benchmark indices extended losses for second consecutive day Tuesday, with the Sensex closing below 33,000-mark on weak Asian cues and unlikely rate cut post increase in inflation.

On the currency front, the rupee closed flat at 65.42 against the USA dollar from its previous close. "Global cues were not helping either amid uncertainty over United States tax reform, slow down in Chinese factory output and growing political issues in UK", Vinod Nair, Head of Research, Geojit Financial Services said. Consumer inflation rose to 3.58%.

The other poor performers were Power grid Corporation of India, Asian Paints, Tata Consultancy Services and Oil and Natural Gas Corporation.

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