On a closing basis, the wider Nifty50 of the National Stock Exchange (NSE) edged lower by 9.50 points or 0.09 per cent to 10,118.25 points.
The 30-share BSE index Sensex ended higher by 36.78 points or 0.11 per cent at 32,869.72 and the 50-share NSE index Nifty closed up by 5.95 points or 0.06 per cent at 10,127.75. The markets on Tuesday traded cautious the entire day as has been the case for the last couple of sessions.
The Nikkei India Services PMI for November signaled slowdown in demand, further weighing on sentiment.
Ramky Infrastructure hit a new high of Rs 258, up 8% on the BSE in otherwise weak market on back of heavy volumes. The broader market depicted a mixed trend, with the BSE mid-cap ending up 0.41%, while small-cap index finished 0.03% down. "It is expected central bank to keep interest rates on hold for a prolonged period starting with its policy meeting on concerns of rising inflation", Dhruv Desai, Director and Chief Operating Officer of Tradebulls, told IANS.
On the currency front, the rupee strengthened by 9-10 paise to close at 64.37-38 against the United States dollar from its last week's close at 64.47. This has led to selling by investors, which added to the negative mood.
The 30-share Sensex opened on a negative note on across- the-board losses and touched a low of 32,682.52.
Sector-wise, the S&P BSE IT index gained by 145.14 points, metal index by 68.85 points and Teck (technology, media and entertainment) index by 64.81 points. "The recent correction in PSU banks provides an opportunity for investors to accumulate as the long term prospects remains strong owing to healthy recapitalisation".
Tata Steel, Tech Mahindra, ONGC, Hero Moto Corp and Wipro fell around 2 percent in the Nifty pack, while Indus Ind Bank, Reliance Industries, Yes Bank, Bajaj Finance and SBI climbed 1-2 percent.
The Dow Jones Industrial Average index fell 40.76 points or 0.17 per cent to 24,231, while the S&P500 lost 5.36 points or 0.20 per cent to 2,642.
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