The stock market continued its downward trend for fourth consecutive session Tuesday, with the Sensex losing 382 points from day’s high. Global market also volatile as sudden UK election announcement.
IT major TCS was down half a percent ahead of quarterly earnings due later today. Asian Paints, Tata Motors, Sun Pharma, ONGC, Bajaj Auto and Dr Reddy’s Labs among others were down 1-2 percent.
After rallying over 40 per cent on Monday, Indiabulls Real Estate witnessed profit booking at higher levels and plunged over 9 per cent on Tuesday.
European market today were disappointing.
Market is looking volatile and analysts have advised to be cautious in this market.