MARKET LIVE: Sensex tumbles 600 pts, slips below 31k; financials, autos dip

The Indian indices declined nearly 2 per cent on Tuesday, weighed down by heavyweights like HDFC twins and Reliance Industries. Apart from weak global cues, the indication by the Centre that the nationwide lockdown could be extended beyond May 17, albeit with eased restrictions for businesses, also weighed on the sentiment.
 

The S&P BSE Sensex slipped 633 points, or 2.02 per cent, to 30,920 levels, and the Nifty50 index was around 9,070 levels. HDFC twins (both down 2 per cent) dragged the Sensex lower. Besides, Asian Paints was down 3 per cent. Piramal Enterprises dipped over 7 per cent in early deals post March quarter results announcement. On the other hand, IRCTC was frozen in 5 per cent upper circuit for second straight day.

The Nifty sectoral trend was negative, led by Nifty Bank index, down 3 per cent.

RESULTS TODAY
 

A total of 11 companies, including Nestle, Havells, and Bandhan Bank are scheduled to announce their March quarter results.