Mumbai, April 12 (Agency) The equity market remained negative for another session on Tuesday as the BSE Sensex fell by 388.20 points to settle at 58,576.36 on weak global peers. The Nifty of National Stock Exchange (NSE) too fell 144.65 points to settle at 17,530.30. The Sensex declined 221 points at 58,743.50 in the opening session. During the day it was dipped 666 points at 58,298.57, the days low, before closing at 58,576.37, sliding 388.20 points from its previous close. The Sensex registered the days high and low at 58,794.78 and 58,298.57 points respectively.
The Nifty recorded the days high and low at 17,595 and 17,443.35 points respectively. The sectoral indices like Metal, Realty, Oil and Gas, Material and Energy dragged the market further down. In 30 scrips, Tata Steel was a major loser down 2.76 per cent to Rs 1320.55 followed by Tech Mahindra by 2.26 per cent to Rs 1415.95, Wipro by 2.16 per cent to Rs 558.85, Bharti Airtel by 2.15 per cent to Rs 741.60 and Reliance Industries by 1.90 per cent to Rs 2560.15. The gainers were Axis Bank by 1.67 per cent to Rs 798.55, Kotak Bank by 1.05 per cent to Rs 1801.50, Powergrid by 0.82 per cent to Rs 232.80, Maruti Suzuki by 0.60 per cent to Rs 7610 and ICICI Bank by 0.59 per cent to Rs 764.15. The Mid Cap eased 1.45 per cent and Small Cap by 1.47 per cent. In a bundle of 30 scrips, 9 advanced while 21 declined. The European market was seen weak as traders witnessed heavy selling in the banking sector, and looked ahead to key central bank meetings and US inflation prints. The pan-European Euro Stoxx 600 index was down 1.2 per cent. Asian Market slipped nearly 2 per cent, South Korea’s Kospi dropped 1 per cent, and Australia’s ASX200 fell 0.4 per cent. While, China’s CSI300 and Hong Kong’s Hang Seng moved up to 2 per cent.