Sensex sheds 184 points; Nifty50 slips below 9050

Rupee gains 9 paise more against dollar at 64.95			business			Updated

The wider 51-scrip Nifty of the National Stock Exchange (NSE) rose by 55.60 points or 0.61 per cent to 9,100.80 points.

The key indices closed with losses of more than half a per cent each, even as a strong rupee and continuous inflow of foreign funds led to some recovery from lower levels. It fell by 62.80 points or 0.69 per cent to 9,045.20 points.

The Sensex got back on its feet as it rebounded over 172 points today to close at 29,409 and the NSE Nifty closed above the 9,100-mark, with banking and auto shares doing the job on the back of upbeat global pointers.

The 30-share Sensex scaled the session's high of 29,442.18 before closing up 172.37 points or 0.59 percent at 29,409.52.

Tracking weak global cues, the domestic equity indices ended in the red on the opening day of the week, as pharma and IT stocks came under heavy selling pressure.

Market breadth was positive with 1,402 advances against 728 declines.

The Indian stock indices Sensex and the Nifty50 look set to end on a firm note today, with traders rolling out positions at several counters, ahead of expiry of near month derivatives contracts.

Globally, Asian markets were mostly lower after President Trump suffered a legislative defeat last Friday when Republican leaders pulled a bill to overhaul the United States health care system. The S&P BSE mid-cap index fell by 0.27 per cent, while the small-cap index slipped by a minimal 0.04 per cent.

The currency market was closed on Tuesday on account of Gudhi Padwa.

"Most sector stocks traded with positive bias due to buying support". Bankex, Auto, Consumer Durables and Healthcare indices rose more than 100 points each.

Among the top gainers on the BSE, Axis Bank was leading the rally 1.50 per cent higher, followed by WIPRO (1.17 per cent), NTPC (0.95 per cent) and Bharti Airtel (0.95 per cent).

Major losers were, Tata Steel 2.84 per cent, Coal India 2.28 per cent, Reliance 2.03 percent, Tata Motors 1.46 per cent, Asian Paint 1.42 per cent and SunPharma 1.39 per cent.