INSUBCONTINENT EXCLUSIVE:
BSE benchmark index Sensex shed 216 points
to close at 34,949 on Tuesday, breaking its three-day winning streak
ICICI Bank, which ended more than 3 per cent lower, led the declines in banking stocks
Besides, losses in pharmaceutical stocks also dragged the markets lower
The NSE Nifty settled at 10,633, down 55 points
Thirty four stocks on the 50-scrip Nifty index finished in the negative zone
Other than ICICI Bank, top laggards on the Nifty 50 included State Bank of India (SBI), Bajaj Finserv, UPL and Yes Bank, settling with
TCS and Infosys finished with gains of 0.6 and 0.2 per cent respectively
The rupee weakened to as much as 67.99 against the US dollar on Tuesday
Weakness in the rupee against the dollar boosts profitability of Indian IT companies.Mahindra Mahindra shares rose 2.9 per cent
BPCL and HPCL finished with gains of between 0.6 per cent and 1.2 per cent
In the international market, crude oil prices - which had earlier this month surged near their 2014 highs - dipped on Tuesday
Oil prices remained under pressure from expectations that Saudi Arabia and Russia would pump more crude to ease a potential shortfall in
The prices came down nearly 7 per cent since the 2014 high above $80 on May 22.Foreign portfolio investors (FPIs) had net sold shares worth
Rs 795.06 crore, while domestic institutional investors (DIIs) net bought shares worth Rs 1,017.65 crore on Monday, according to provisional
