Sensex down 470 pts, Nifty below 25,800; all sectors in red but PSBs

Stock markets in India were trading gap-down on Tuesday amid fresh round of profit booking. Besides, reports that US President Donald Trump has signalled at the possibility of imposing new tariffs on Indian rice raised concerns that trade negotiations between Washington and New Delhi remain unresolved.

At 10:00 AM, BSE Sensex was at 84,402, down 700 points or 0.82 per cent. The NSE Nifty, meanwhile, was at 25,743, down 218 points or 0.84 per cent.

Asian Paints, Tech M, Trent, Eternal, Reliance Industries, TCS, Ultratech Cement, Tata Steel, M&M, Tata Motors PV, HCL Tech, and BEL were the top losers on the Sensex, down up to 3.6 per cent.

Only HUL, and Bharti Airtel were in the green on the 30-stock index.

In the broader markets, the Nifty MidCap index, and the Nifty SmallCap index fell 1.5 per cent each.

Among sectors, the Nifty Auto, IT, and Metal indices declined over 1 per cent each. This was followed by losses in the Nifty Financial Services, Realty, Private Bank, PSU Bank, and FMCG indices.