Markets break a two-session rally; HFDC twins slip on profit booking

Equity benchmarks took a hit on Tuesday after two days of strong gains as investors pocketed gains in banking and financial stocks after their recent rally. The HDFC twins, who topped the winners’ charts in the previous session after announcing their mega merger, were the biggest drag on Tuesday.

Investor attention also returned to the Russian-Ukrainian offensive and rising oil prices, which have hampered global markets, traders said.

The 30-stock BSE Sensex fell 435.24 points, or 0.72%, to end at 60,176.5.

The NSE Nifty fell 96 points, or 0.53%, to 17,957.4.

(Only the title and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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