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		<img align="" alt="BSE, Markets" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2019-05/20/full/1558346527-8008.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="BSE, Markets" width="620">
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BSE, Markets

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	Shedding all its morning gains, the domestic equity market ended in the negative territory on Tuesday amid sell-off in IT stocks and telecom major Bharti Airtel.</div>
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	The S&P BSE Sensex slipped 477 points from day&#39;s high to settle at 30,609.30, down 63 points or 0.21 per cent. Bharti Airtel ended nearly 6 per cent lower at Rs 559 apiece on the BSE after its promoter, Bharti Telecom, sold 2.75 per cent stake in the telecom services provider through open market deals today. <a href="https://www.business-standard.com/article/markets/bharti-airtel-slips-5-after-promoters-2-75-stake-sale-via-block-deals-120052600213_1.html" rel="nofollow" target="_blank"><strong>READ MORE</strong></a></div>
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	NSE&#39;s Nifty ended at 9,029.05, down 10 points or 0.11 per cent. Volatility index, India VIX, dropped over 3 per cent to 31.37 levels.&nbsp;
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		Broader market, however, outperformed the frontline indices. The Nifty Midcap100 index surged over 1.3 per cent to 12,836 points and the Nifty SmallCap index added 0.76 per cent to 3,880-mark.&nbsp;<br />
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		On the sectoral front, IT and pharma stocks declined while auto and metal stocks advanced. The Nifty IT index fell nearly 2 per cent to&nbsp;13,575 levels. The Nifty Metal index, on the other hand, gained 2.7 per cent to&nbsp;1,756.&nbsp;<br />
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		<strong>Buzzing stocks</strong><br />
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		Avenue Supermarts, the D-Mart retail chain operator, declined 5 per cent on the BSE on profit-booking after the company&rsquo;s January-March quarter (Q4FY20) results disappointed investors on the margin front. Earnings before interest, tax, depreciation and amortization (EBITDA) margin contracted 68 basis points to 6.67 per cent in Q4FY20 from 7.35 per cent in Q4FY19, hit by higher depreciation and employee costs. <strong><a href="https://www.business-standard.com/article/markets/avenue-supermarts-falls-5-on-margin-disappointment-in-march-quarter-120052600200_1.html" rel="nofollow" target="_blank">READ MORE</a>&nbsp;</strong><br />
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		ITC ended nearly 3 per cent higher<strong>&nbsp;</strong>after the company announced it had entered into an agreement with the spices major Sunrise Foods to acquire a 100 per cent stake in the company. <a href="https://www.business-standard.com/article/markets/itc-shares-surge-5-as-co-to-acquire-spice-major-sunrise-foods-for-rs-2k-cr-120052600255_1.html" rel="nofollow" target="_blank"><strong>READ MORE</strong></a></div>
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	<strong>Global markets</strong></div>
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	Asian shares climbed on Tuesday while US stock futures breached a major chart barrier as investors brushed past Sino-US trade tensions to more stimulus in China and a re-opening world economy.</div>
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	Japan&rsquo;s Nikkei took the lead with a rise of 1.7 per cent to its highest since early March when the economic impact of the coronavirus was just becoming clear. MSCI&rsquo;s broadest index of Asia-Pacific shares outside Japan advanced 1.6 per cent, while South Korea rose 1.5 per cent.</div>
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	Chinese blue chips firmed 0.8 per cent after the country&rsquo;s central bank said it would strengthen economic policy and continue to push to lower interest rates on loans.</div>
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	Further, E-Mini futures for the S&P 500 climbed 2% to clear the 3,000 chart level. European stocks, too, traded higher.&nbsp;</div>
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	In commodities, oil prices rose, supported by growing confidence that producers are following through on commitments to cut crude supplies while fuel demand picks up with more cars back on the road as coronavirus lockdowns ease.</div>
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	<strong><em>(With inputs from Reuters)</em></strong></div>

Sensex slips 477 pts from day's high, ends 63 pts lower; IT stocks decline

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Sensex slips 477 pts from day's high, ends 63 pts lower; IT stocks decline | News on Markets - Business Standard

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Sensex slips 477 pts from day's high, ends 63 pts lower; IT stocks decline

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