Indian shares gave up most of their early gains on Tuesday, as a little bit of volatility in European markets on concerns over the outlook for Spanish banks and the slide in rupee following three days of gains prompted investors to pare their long positions in late-session trading.
The benchmark 30-share ended the session up 22 points or 0.13 percent at 16,439, while the broader Nifty index added 4 points or 0.09 percent. IT, realty and metal stocks led the gainers, while FMCG, consumer durable and healthcare stocks came under selling pressure, capping the upside.
Elsewhere across Asia, key benchmark indexes in Australia, China, Hong Kong, South Korea and Taiwan rose 1-3 percent, as speculation that China may soon launch a stimulus program to boost domestic demand countered negative sentiment over Spain's deteriorating financial situation.
by RTT Staff Writer
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