Among the major indices, the S&P BSE Sensex fell 200 points, or 0.5 percent, to 45,870 levels, giving away the 46,000 mark it had reached in the previous session. The broader Nifty50 index also fell below the 13,500 mark. Ultratech Cement (down 2%) was Sensex’s biggest loser, followed by Tata Steel, Infosys and Tech Mahindra (all down 1%).
Shares of Indian Railway Catering and Tourism Corporation (IRCTC) fell as much as 15 percent after the company said the government will sell up to a 20 percent stake in the company through a sale offer on Thursday and Friday to raise Rs 4,374 crore.
The trend among Nifty’s industry indices was mixed, with the Nifty PSU Bank Index, down 1%, leading the list of losers.
In the broader market, the S&P BSE MidCap and SmallCap indices were trading 0.5% and 0.3% lower, respectively.
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