Sensex, Nifty choppy after 3-day fall; ICICI, Tata Motors gain
Equity benchmarks consolidate after correction in previous three days but the broader markets outperformed with the BSE Midcap and Smallcap indices rising 0.3-0.7 percent.
The Sensex fell 4.01 points to 26392.76 and the Nifty declined 4.20 points to 8106.40. The market breadth was positive as about 1235 shares advanced against 573 declining shares on Bombay Stock Exchange.
Tata Motors, ICICI Bank, SBI and Adani Ports were top gainers, up 1-3 percent while HDFC, HDFC Bank, Infosys, TCS, HUL and Hero Motocorp fell 0.5-1.5 percent.
The Indian rupee opened lower by 6 paise at 67.19 per dollar on Tuesday versus previous close of 67.13.
"The risk-off sentiment is quite evident owing to the uncertainty about Brexit referendum. Also, the June FOMC meeting, starting today, is expected to keep policy rates unchanged, but the markets will be looking for cues about the timing of hikes."