Closing Bell: Sensex ends 80 points lower, Nifty fails to hold 11,600; ONGC gains 4%

Indian indices ended lower on Tuesday as Nifty failed to hold 11,600 level. It opened above 11,600 and touched 11,645.95 during the day.

The Sensex was down 80.30 points at 38564.88, while Nifty was down 18.50 points at 11576. About 1132 shares advanced, 1380 shares declined, and 147 shares were unchanged.

Maruti Suzuki, Yes Bank, Tata Steel, IndusInd Bank and Hero Motocorp were top losers on the Nifty, while gainers includedONGC, Zee Entertainment, Sun Pharma, Bajaj Finance and Reliance Industries.

Among sectors, energy, FMCG and pharma witnessed some buying, while auto, bank, metal and infra ended in red.

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Benchmark indices erased all its gains with Nifty slipped below 11,600 level.

At 14:46 hrs IST, the Sensex is down 6.97 points at 38638.21, while Nifty is up 3 points at 11597.50. About 1105 shares have advanced, 1243 shares declined, and 142 shares are unchanged.

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The India Meteorological Department (IMD) Tuesday said it is working at a brisk pace to issue localised weather forecasting to all 6,500 blocks across 660 districts in the country by 2020 and help as many as 9.5 crore farmers deal with the vagaries of weather.

However, the most challenging task would be to enhance the accuracy of weather forecasts and to make agromet advisory services (AAS) more useful and user friendliness, it added.

At present, IMD issues district level advisories. In 2018, it tied up with Indian Council of Agricultural Research (ICAR) to extend weather forecast and AAS at the block level. (Source: PTI)