AgenciesThe Sensex ended at 59,727, down 183.74 points, or 0.31%, from Monday's close. The Nifty fell 46.70 points, or 0.26%, to end at 17,660. However, broader markets outperformed frontline stocks for the second day in a row, with mid- and small-cap indices ending up 0.5% and 0.2%, respectively.
On Tuesday, foreign portfolio investors (FPIs) were net sellers for the second day in a row. Overseas funds sold shares in the cash segment worth ₹810 crore while domestic institutions were net buyers to the tune of ₹401 crore, according to exchange data.
Healthcare and property indices were top sectoral gainers, while financials, energy, utilities, consumer staples ended in the red.
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- Investors Dump IT Stocks to End 9-Day Rally on D-Street
India’s equity benchmarks dropped on Monday, snapping their nine-day winning streak, after a selloff in IT shares led by Infosys soured investor sentiment. The stock market however managed to close off the trading session’s lows as other global markets mostly ended higher.
I-T Sends Notices Over Donations to Charitable TrustsThe income tax department has sent notices to about 8,000 taxpayers who have made large donations to charitable trusts, suspecting them to be attempts at tax evasion. Data analytics suggested these taxpayers were making donations disproportionate to their income and expenditure, officials told ET.
India Loses ICT Levy Dispute at WTOIndia suffered a setback at the World Trade Organization (WTO), with a panel ruling against the import duty levied by New Delhi on a wide range of information and communications technology (ICT) products, including mobile phones.
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