Sensex, Nifty Drifting Lower On Weak Global Cues

(RTTNews) - The Indian stock market is notably lower after a weak start Tuesday morning, as investors press sales at some key counters, tracking weak global cues.

A lack of positive triggers and caution ahead of sales data from automobile companies, due later this week, and fourth quarter earnings results appear to be forcing investors to refrain from making any significant purchases.

The benchmark BSE Sensex is down 158.40 points, or about 0.4%, at 41,399.60, while the National Stock Exchange's Nifty50 is down 44 points, or 0.37%, at 12,211.85.

Information technology majors Tech Mahindra (down 1.64%) and Wipro (down 1.05%) are notably lower. Infosys, HCL Technologies and Tata Consultancy Services are down with modest losses.

IndusInd Bank, UPL, Eicher Motors, Kotak Bank, ICICI Bank and Asian Paints are also weak.
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