Indian stock markets ended lower on Tuesday as selling in IT, auto and metal shares pulled the indices down.
The Nifty 50 dropped 165 points (0.64%) to close at 25,597, while the Sensex slipped 519 points (0.64%) to 83,459.
Among major losers were Power Grid, Tata Motors, Tata Steel, and Maruti Suzuki, which fell between 2% and 3%. IT stocks were under pressure after mixed comments from U.S. Federal Reserve officials weakened hopes of an interest rate cut in December.
The broader markets also fell, with the small-cap index down 0.8% and the mid-cap index lower by 0.4%.
On the brighter side, Bharti Airtel rose 1.9% to a record high after reporting strong quarterly earnings, while Titan Company jumped 2.3% on better-than-expected results. Mahindra & Mahindra and State Bank of India also gained from healthy profits.
Also Read: Sensex Falls 150 pts, Nifty Below 25,750, Hitachi Up, Reliance Down