Stocks such as NTPC, Future Retail and Cola India could give profit today. NSE Nifty lost 70 points and closed at 16,983 levels whereas BSE Sensex shed 195 points and closed at 57,064 levels. According to market experts, the current market pattern shows sell-on-rise type action.
India's stock benchmarks erased early gains and closed near day's low, dragged by losses in metal, banking, auto and energy stocks. The S&P BSE Sensex fell 0.34% on Tuesday to 57,064.87. The 30-stock gauge rose 1.61% in intraday trade to reclaim 58,000 levels after two sessions. The NSE Nifty 50 index also declined by similar magnitude to 16,983.20.