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Markets, Stocks, BSE, NSE, SENSEX

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	The frontline indices ended over 0.5 per cent&nbsp;lower weighed by banking and fast-moving consumer goods (FMCG) stocks.<br />
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	The S&P BSE Sensex ended at 36,154, down 241 points or 0.66 per cent, while the broader Nifty50 index settled at 10,831, down 57 points or 0.53 per cent.<br />
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	Among the sectoral indices, the Nifty PSU index, the top loser of day,&nbsp;fell 1.75 per cent&nbsp;led by decline in Bank of India and Union Bank. The Nifty Financial Service index, too ended 1.09 per cent lower dragged by&nbsp;&nbsp;Edelweiss Financial Services and HDFC.&nbsp;<br />
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		In the broader market, S&P BSE MidCap index ended 9 points, or 0.06 per cent lower, while S&P BSE SmallCap index settled at 13,392. The S&P BSE SmallCap index hit a 52-week low of 13,390 on Tuesday, on the back of sharp decline in fertiliser, graphite electrode, paper and auto ancillary stocks after they reported a weak set of numbers for the quarter ended December 2018 (Q3FY19). The index has fallen below its previous low of 13,397 touched on October 9, 2018, in the intra-day trade. <a href="https://www.business-standard.com/article/markets/bse-smallcap-index-hits-52-week-low-119021200429_1.html" target="_blank"><strong>READ MORE</strong></a></div>
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	<strong>BUZZING STOCKS</strong><br />
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	Shares of Gujarat Narmada Valley Fertilizers and Chemicals (GNFC) tanked 12 per cent to Rs 271 in the intra-day deals on the BSE on Tuesday, as the company posted 27 per cent year-on-year (YoY) decline in net profit at Rs 166 crore in December 2018 quarter (Q3FY19). The fertilizers company had reported a profit of Rs 228 crore in a year-ago quarter. The stock ended the day at Rs 275.50, down 10.45 per cent.&nbsp;<br />
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	<a href="https://www.business-standard.com/article/reuters/hindalco-third-quarter-profit-plunges-on-higher-input-costs-119021200460_1.html" target="_blank"><strong>Aluminium</strong></a><a href="https://www.business-standard.com/article/reuters/hindalco-third-quarter-profit-plunges-on-higher-input-costs-119021200460_1.html" target="_blank"><strong> producer Hindalco Industries</strong></a> Ltd posted a 34.4 per cent drop in third-quarter profit on Tuesday, hurt by an increase in input costs, mainly of coal and furnace oil. Revenue from operations rose 8 per cent.<br />
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	<strong>GLOBAL MARKETS</strong></div>
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	Asian shares edged up on Tuesday as investors hoped a new round of US-China trade talks would help to resolve a dispute that&#39;s dented global growth and some corporate earnings.<br />
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		MSCI&#39;s broadest index of Asia-Pacific shares outside Japan added 0.3 per cent. The Shanghai Composite Index rose 0.6 per cent, South Korea&#39;s KOSPI climbed 0.4 per cent and Australian shares were up 0.4 per cent. Japan&#39;s Nikkei advanced 2 per cent after a market holiday on Monday, lifted by a weaker yen.</div>
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	<em>(with Reuters input)</em></div>
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MARKET WRAP: Sensex falls 241 pts; banks, FMCG, IT stocks among top losers

Business Standard

MARKET WRAP: Sensex falls 241 pts; banks, FMCG, IT stocks among top losers | News on Markets - Business Standard

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	<strong>ONGC</strong></div>
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	<strong>Current price: Rs 138</strong></div>
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	<strong>Target price: Rs 134</strong></div>
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	Keep a stop at Rs 140 and go short. Add to the position between Rs 135 and Rs 136. Book profits at Rs 134.</div>
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	<strong>Tata Steel</strong></div>
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	<strong>Current price: Rs 481</strong></div>
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	<strong>Target price: Rs 489</strong></div>
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	Keep a stop at Rs 477 and go long. Add to the position between Rs 486 and Rs 488. Book profits at Rs 489. <a href="https://www.business-standard.com/article/markets/today-s-picks-from-ongc-to-tata-steel-hot-stocks-to-buy-on-tuesday-119021200037_1.html" target="_blank"><strong>READ MORE</strong></a></div>

The rupee strengthened by 13 paise to close at 71.18 against the US dollar Monday on easing crude oil prices, even as the greenback strengthened vis-a-vis other major currencies.

Oil rises on OPEC cuts, US sanctions on Iran and Venezuela

Oil prices rose on Tuesday amid OPEC-led supply cuts and US sanctions against Iran and Venezuela, although surging US production and concerns over economic growth kept markets in check.<br />
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	US West Texas Intermediate (WTI) crude oil futures were at $52.50 per barrel,&nbsp; up 9 cents, or 0.2 per cent, from their last close. International Brent crude futures were up 18 cents, or 0.3 per cent, at $61.69 per barrel.</div>

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	Nifty futures on Singapore Exchange (SGX) were trading at 10,914.50, down 16.50 points or 0.15 per cent in early trade.</div>

Asian stocks subdued, focus on new round of Sino-US talks

Asian shares barely budged on Tuesday with investors looking to a new round of Sino-US trade talks as the world&rsquo;s two largest economies try to resolve a tariff dispute that has put a dent on global growth and corporate earnings.<br />
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MSCI&rsquo;s broadest index of Asia-Pacific shares outside Japan was unchanged in early trade. Japan&rsquo;s Nikkei was up 1.1 per cent after a market holiday on Monday.

On Wall Street, the Dow Jones Industrial Average fell 53.22 points, or 0.21 per cent, to 25,053.11, the S&amp;P 500 gained 1.92 points, or 0.07 per cent, to 2,709.8 and the Nasdaq Composite added 9.71 points, or 0.13 per cent, to 7,307.91.

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<br />
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MARKET WRAP: Sensex falls 241 pts; banks, FMCG, IT stocks among top losers

All that happened in markets today

Today's picks

Rupee check

Oil rises on OPEC cuts, US sanctions on Iran and Venezuela

SGX Nifty

Asian stocks subdued, focus on new round of Sino-US talks

Wall Street check