Snapping its three-session rising streak, equity benchmark Sensex closed 74 points lower on Tuesday, dragged by losses mainly in financial counters as investors remained cautious in view of prevailing economic uncertainty.
Shares of Yes Bank plummeted 7.11 per cent on concerns over the valuation of stake in CG Power, which has been hit by financial irregularities. The bank holds 12.79 per cent stake in CG Power.
However, gains in auto stocks capped the Sensex loss to a large extent.
After opening on a positive note, the 30-share index swung 292 points, finally settling 74.48 points, or 0.20 per cent, lower at 37,328.01. It hit an intra-day high of 37,511.55 and low of 37,219.90.
The broader NSE Nifty too ended 36.90 points, or 0.33 per cent, down at 11,017. During the day, it oscillated between a high of 11,076.30 and low of 10,985.30.
Yes Bank was the biggest loser in the Sensex pack, plummeting up to 7.11 per cent, followed by IndusInd Bank, ITC, Axis Bank, Vedanta and ICICI Bank, which fell up to 2.43 per cent.