Mumbai, September 3: The BSE Sensex on Tuesday slumped 769 points down to close at 36,562.91 on Tuesday while the NSE Nifty plunged 225 points to end at 10,797. In the opening trade, the 30-share index was down by 421.93 points to trade at 36,910.86 while the NSE Nifty edged lower by 118 points to 10,905. The equity benchmark indices were in the negative zone during early hours on Tuesday tracking heavy selling in financial and auto stocks amid weak global cues, bank mergers and GDP figures.  The rupee depreciated 65 paise against its previous close to trade at 72.07 in early session. Nirmala Sitharaman Announces Measures to Boost Indian Economy Amid Slowdown.

In the opening trade, TechM, HCL Tech, TCS and Infosys jumped up to 2 per cent while the losers in the Sensex included Tata Motors, Tata Steel, ICICI Bank, ONGC, HDFC, M&M, NTPC, Vedanta, ITC and SBI, which fell up to 4 per cent.

Reports inform that at the National Stock Exchange, all sectoral indices except for Nifty IT and pharma were in the red. Nifty PSU bank was down by over 2 per cent, financial services by 1.4 per cent and metal by 1 per cent. Markets remained closed on Monday on account of 'Ganesh Chaturthi'. On Friday, the BSE ended 263.86 points, or 0.71 per cent, higher at 37,332.79, while the Nifty rose 74.95 points, or 0.68 per cent, to close at 11,023.25.

Meanwhile, Asian stocks continued their downward slide after the United States and China imposed new tariffs on each other’s goods. Hong Kong’s Hang Seng was down by 0.1 per cent after anti-government protests. The Shanghai Composite Index fell by 0.05 per cent but Japan’s Nikkei moved up marginally by 0.09 per cent.

According to traders, market sentiment took a hit on account of weak macroeconomic data releases and double-digit decline in auto sales in August as the sector continued to reel under one of the worst slowdowns in its history.

(The above story first appeared on LatestLY on Sep 03, 2019 11:27 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).