<p>Mumbai: Stock markets declined on Tuesday, with the benchmark Sensex tumbling nearly 504 points due to selling in blue-chip bank stocks and Reliance Industries, and persistent foreign fund outflows.</p><p>Falling for the third straight session, the 30-share BSE Sensex tumbled 503.63 points or 0.59 per cent to settle at 85,138.27. During the day, the benchmark tanked 588.9 points or 0.68 per cent to hit a low of 85,053. The index had scaled a record high level in intra-day trade in the previous session, but closed lower due to profit booking in the second half.</p><p>The 50-share NSE Nifty declined by 143.55 points or 0.55 per cent to 26,032.20.</p>.RBI likely to cut repo rate by 25 bps in December amid low inflation, strong growth: Report.<p>Among Sensex firms, Axis Bank, HDFC Bank, Reliance Industries, ICICI Bank, Bharat Electronics and Larsen & Toubro were the biggest laggards.</p><p>However, Asian Paints, Maruti, Bharti Airtel and Bajaj Finance were among the gainers.</p><p>Foreign Institutional Investors (FIIs) offloaded equities worth Rs 1,171.31 crore on Monday, while Domestic Institutional Investors (DIIs) bought stocks worth Rs 2,558.93 crore, according to exchange data.</p><p>In Asian markets, Shanghai's SSE Composite index settled lower while South Korea's Kospi, Japan's Nikkei 225 index and Hong Kong's Hang Seng index ended in positive territory.</p><p>Markets in Europe were trading higher. US markets ended lower on Monday.</p><p>Brent crude, the global oil benchmark, dipped 0.33 per cent to USD 62.96 per barrel.</p><p>On Monday, the Sensex pared early gains and ended 64.77 points or 0.08 per cent lower at 85,641.90. During the day, the benchmark jumped 452.35 points or 0.52 per cent to hit a record intra-day high of 86,159.02.</p><p>The Nifty dipped 27.20 points or 0.10 per cent to settle at 26,175.75. During the day, it climbed 122.85 points or 0.46 per cent to hit a lifetime high of 26,325.80.</p>
<p>Mumbai: Stock markets declined on Tuesday, with the benchmark Sensex tumbling nearly 504 points due to selling in blue-chip bank stocks and Reliance Industries, and persistent foreign fund outflows.</p><p>Falling for the third straight session, the 30-share BSE Sensex tumbled 503.63 points or 0.59 per cent to settle at 85,138.27. During the day, the benchmark tanked 588.9 points or 0.68 per cent to hit a low of 85,053. The index had scaled a record high level in intra-day trade in the previous session, but closed lower due to profit booking in the second half.</p><p>The 50-share NSE Nifty declined by 143.55 points or 0.55 per cent to 26,032.20.</p>.RBI likely to cut repo rate by 25 bps in December amid low inflation, strong growth: Report.<p>Among Sensex firms, Axis Bank, HDFC Bank, Reliance Industries, ICICI Bank, Bharat Electronics and Larsen & Toubro were the biggest laggards.</p><p>However, Asian Paints, Maruti, Bharti Airtel and Bajaj Finance were among the gainers.</p><p>Foreign Institutional Investors (FIIs) offloaded equities worth Rs 1,171.31 crore on Monday, while Domestic Institutional Investors (DIIs) bought stocks worth Rs 2,558.93 crore, according to exchange data.</p><p>In Asian markets, Shanghai's SSE Composite index settled lower while South Korea's Kospi, Japan's Nikkei 225 index and Hong Kong's Hang Seng index ended in positive territory.</p><p>Markets in Europe were trading higher. US markets ended lower on Monday.</p><p>Brent crude, the global oil benchmark, dipped 0.33 per cent to USD 62.96 per barrel.</p><p>On Monday, the Sensex pared early gains and ended 64.77 points or 0.08 per cent lower at 85,641.90. During the day, the benchmark jumped 452.35 points or 0.52 per cent to hit a record intra-day high of 86,159.02.</p><p>The Nifty dipped 27.20 points or 0.10 per cent to settle at 26,175.75. During the day, it climbed 122.85 points or 0.46 per cent to hit a lifetime high of 26,325.80.</p>