Indian shares continue to trade lower on Tuesday noon, reversing its five-day gaining streak as global cues weighed down benchmark indexes. At noon, the Sensex traded lower by nearly 140 points or 0.38 percent, at 36,130, while the Nifty50 dipped by 48 points or 0.44 percent, to trade at 10,840.
Broader market indices traded mixed with the Nifty MidCap marginally in the green, while the BSE MidCap was down by 0.15 percent.
Among sectoral indices, the BSE Capital Goods gained 0.67 percent to lead as many 20 advancing sectors. The Nifty PSU Bank, BSE Telecom, BSE PSU and BSE Metal were other notable gainers among sectoral indexes. IT and Teck stocks were the weakest among 23 declining sectors. The Nifty Media dipped the most by nearly 3 percent.
Among shares, Sun Pharma, M&M, HPCL, JSW Steel, L&T, Vedanta and Tata Steel were among top index gainers, rising by nearly 2 percent.
Zee Entertainment shares dipped more than 5 percent, while UPL slipped by 3 percent. Infosys, Tech Mahindra, Wipro shares dipped by up to more than 2 percent. Yes Bank, IndusInd Bank, Adani Ports were also among major laggards.
Among shares, Infosys, HDFC Bank, HDFC, ITC, Reliance Industries and Hindustan Unilever dragged indexes, while support came from L&T, M&M and Sun Pharma.
The rupee traded at 71.19 against the US dollar. Earlier, the home currency opened higher at 71.33 against the greenback, up from Monday's close of 71.54.
Asian shares traded weak tracking sell-off on Wall Street. Japan's Nikkei slided 1.82 percent, while Hong Kong's Hang Seng was also lower by more than a percent. US stocks dipped overnight awaiting the outcome of the two-day meeting of the US Federal Reserve.
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