Gold Silver Reports — The Sensex developed cold feet on Tuesday ahead of the key exit poll findings, coming off its two-year highs and remaining shy of the 29,000 mark at close. The broader NSE Nifty too could not keep its earlier gains.
Caution set in as investors decided to cut down their bets ahead of the exit poll outcome for the ongoing assembly elections on Thursday.
Besides, the prospects of the US Federal Reserve raising rates next week dampened sentiment.
The Sensex ended at 28,999.56 -down 48.63 points. It had rallied almost 216 points in the previous session, powered by index heavyweight RIL amid mixed global cues.
The 50-share NSE Nifty struggled to hit the key 9,000 mark and ended lower 16.55 points at 8,946.90.
Among the Sensex stocks, Tata Steel was the biggest loser, with a fall of 2.22%, followed by Infosys 1.37%.
RIL had recorded a strong rally yesterday, but faltered on Tuesday. Lupin, Axis Bank, Maruti Suzuki and NTPC were among the other losers.
Outperfor ming the Sensex, the broader markets continued to show a firm trend, with the BSE Mid-Cap index rising 0.14% and the small-cap index 0.03%.
Foreign funds bought shares net `564.15 crore on Monday , as per provisional figures. — Neal Bhai Reports