Indian benchmark indices close positive despite a day of struggle
The yearly SBI Composite Index for March declined below 50 and was at 49.5, compared with last month index of 51.3; the slow growth in manufacturing was a matter of concern for the traders.
Depreciation in Indian rupee too dampened market sentiments on Tuesday. The rupee depreciated to 66.71 to the dollar largely due to higher demand for dollar from importers.
Tata Power, BHEL, Bosch, Vedanta and Tata Steel were among the top gainers on Tuesday.
The losing pack included Dr Reddy’s Labs, ITC, Tech Mahindra, Adani Ports and HUL.
Image: Wikimedia Commons
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