Stock Market Highlights: The domestic stock markets –Sensex and Nifty– recovered from lows, but ended in the negative on Tuesday. The Sensex closed 134 points down at 36,444.64 while the Nifty closed below the 10,900-mark. Sun Pharma shares ended 4.54% higher at Rs 416.45, while Kotak Mahindra Bank shares closed 1.79% higher at Rs 1,290. These stocks emerged as the biggest gainers on the Sensex. VEDL shares ended 3.63% lower at Rs 191.29, and M&M shares lost about 3.3% to Rs 706.05. These were the top two losers in the 30-share Sensex.
Sun Pharma shares gained more than 4.3% to Rs 415.60 in the morning trade, while Kotak Mahindra shares rallied 2.08% to Rs 1,293.55. Kotak Mahindra Bank has reported a 23% on year growth in net profit to Rs 1,291 crore for the third quarter ended December 31, on higher net interest income.
Asian shares and U.S. stock futures slipped on Tuesday as pessimism about world growth drove investors away from risky assets, while sterling dithered as the latest plan for Brexit appeared to come and go with no progress, Reuters reported. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.5 percent, drifting away from a recent seven-week top. We bring to you LIVE updates.