The Indian benchmark indices closed lower, mirroring global sentiments influenced by the delay in optimism about a US rate cut. Foreign Institutional Investors (FIIs) are shedding positions as yields on US benchmark bonds rise, adding to market uncertainty.
On Tuesday, 886 stocks advanced, 3049 declined and 132 remained unchanged, with an advance decline ratio of 0.29 on the Bombay Stock Exchange (BSE), indicating strong negative closing of stocks in broader markets. It was a market wide fall as around 790 stock were down more than 3%.