The 30-share Sensex was down 6.94 points at 29041.25, while the Nifty was down 5.95 points or 0.07% at 8957.50. The market breadth remained narrow with 1,065 shares having advanced, 874 shares having declined, while 100 shares were unchanged. Reliance, TCS, BPCL and Tata Power were the top gainers on both the indices, while Infosys, Tata Steel and Hindalco were the top losers.
"But that is going to prompt capital outflows from the euro zone, especially with the political risk. It is going to increase the capital outflow from China, and the US economy will feel the impact." The market was in consolidation mode on Tuesday as investors sat on the fence ahead of key exit poll data for assembly elections in five states.
Tech Mahindra surged over 2 percent intraday as investors cheered its acquisition of US-based firm HCI Group. Analysts are also upbeat on the deal on the back of appropriate valuations and cross-selling synergies.
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