Benchmark indices erased the session’s gains and slipped into the red in Tuesday’s last hour trade, dragged lower mainly by public sector banks.
The S&P BSE Sensex traded around 600 points lower at 100, 600 mark while the Nifty 250 index was trading at 9, 250 levels. Marico gained 5 per cent after announcing its March quarter earnings. In the Sensex pack, Asian Paints, Bajaj Finance, and State Bank of India all slipped over 3 per cent each and were the top laggards.
All the Nifty sectoral indices were in the red, led by Nifty PSU Bank index, down over 2 per cent.
A total of nine companies including Adani Ports, SBI Life Insurance and Rallis India are scheduled to announce their March quarter earnings.
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