Banking stocks fall as weak rupee depresses equity indices

Broadly negative global cues coupled with a weak rupee depressed the Indian equity markets on Tuesday.

According to market observers, heavy selling pressure was witnessed in consumer durables, banking, and auto stocks.

At 3.30 p.m., the Nifty50 on the National Stock Exchange (NSE) provisionally closed at 11,520.30 points, lower 62.05 points or 0.54 percent from its previous close of 11,582.35 points.

The benchmark S&P BSE Sensex, which had opened at 38,460.96 points, provisionally closed at 38,157.92 points, lower 154.60 points or 0.40 percent from the previous close of 38,312.52 points.

The S&P BSE Sensex registered an intra-day high of 38,518.56 points and a low of 38,098.60 points during the day's trade.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)