Sensex Ends On A Lacklustre Note, Tata Motors Slumps On Q3 Profit Drop

Sensex and Nifty ended on a flat note on Tuesday amid weak Asian markets on the back of selling pressure in auto, metal, realty and pharma shares. The Nifty ended 13 points lower at 8,792 and the Sensex declined 12 points to close at 28,339.

Reliance Industries, ONGC and GAIL were among the top gainers while Tata Motors, Maruti Suzuki and Hero MotoCorp were among the top losers. 

Nifty Auto index which has risen about 9 per cent this year, ended 1 per cent lower.

Tata Motors and Tata Motors DVR were among the top loser, the stock slumped over 7 per cent after the company reported that its consolidated net profit in December quarter dropped to Rs 112 crore against Rs 2,953 crore during the same period last year.

"There isn't much action driving the market at the moment ... It will take another quarter to recover (from demonetisation effect)," said Kaushik Mukherjee, Partner, BMR Legal.

Foreign investors have net purchased shares worth net $326.06 million so far this month and $319.67 million this year. They had net bought stocks worth $2.90 billion in 2016, down from a net $3.27 billion invested in 2015.

The broader markets underperformed the benchmark indices as mid-cap and small-cap indices fell 0.6 per cent each.

The overall market breadth was negative as 1,775 stocks ended lower while 1,051 ended higher.