Indian equity benchmarks fell around 1.5% on Tuesday, but were still among the least affected markets on a day when there was panic selling across. News of an unfolding nuclear disaster in Japan sparked a sell-off all the way from Asia to Europe, with experts saying the slide was more sentiment-led rather than genuine selling.
Reliance Industries cushioned the losses in the Sensex and Nifty, with the index heavyweight gaining 1.6% to Rs 1,034 on hopes that its earnings would be boosted by better gross refining margins and higher petrochemical prices. But at the broader level, nearly five shares retreated for every share that gained, underscoring the nervousness among market players. The 30-share Sensex recovered from the dayDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
